Nine of the newly acquired sites are former Hotel Campanile properties, comprising a total of 951 rooms. Of these, five are freehold acquisitions, while four are being secured on long leaseholds. The hotels are located in key cities including Birmingham, Bradford, Dartford, Leicester, Liverpool, Manchester, Northampton, Milton Keynes and Swindon.
Steve Bennett, Chief Property and Development Officer at Travelodge, commented:
“The acquisition of these hotels marks another positive step in our UK development strategy, as we seek to grow and optimise our estate while enhancing value through a balanced mix of freehold and leasehold properties. There are still many towns and cities across the UK and Spain where we can open a new Travelodge to provide high-quality, great-value accommodation.”