Jo Boydell News Today

Travelodge, the UK’s first budget hotel brand which operates approximately 600 hotels, today announces that it is acquiring six hotels, totalling 773 rooms, in Spain from Louvre Hotels Group.

Article - Travelodge Acquires 6 Hotels Totalling 773 Rooms in Spain from Louvre Hotels Group - The hotels are located in Alicante, Barcelona, Madrid, Malaga and Murcia.

Travelodge, a budget hotel brand in the UK renowned for its 600-plus hotels, has taken a major step forward by acquiring six hotels, comprising a total of 773 rooms, in Spain from Louvre Hotels Group.

The news comes as the group reported annual revenues of more than £1 billion for the first…

Strong demand for hotel rooms was driven by conferences and events including Eurovision and Wimbledon

However, the budget hotel chain saw softer sales growth at the start of 2024, amid a quieter period for both business and leisure travel.

The budget hotel chain saw softer sales growth at the start of 2024, amid a quieter period for both business and leisure travel

Article - Travelodge Agrees to Acquire 66 Travelodge-branded Hotels £210 Million - Travelodge, the UKs first budget hotel brand which operates nearly 600 hotels, today announces that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc, for a combined sum of £210 million.

Travelodge, the UK’s first budget hotel brand which operates nearly 600 hotels, today announces that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc (“LXi”), for a combined sum of £210 million.

Travelodge has signed a lease and invested €1 million refurbishing the new Madrid Coslada Aeropuerto Travelodge.