Travelodge, the UK’s first price range resort model which operates roughly 600 accommodations, at the moment broadcasts that it’s buying six accommodations, totalling 773 rooms, in Spain from Louvre Hotels Group.
The accommodations are at the moment branded Hotel Campanile, with 5 acquired on a freehold foundation and one to be acquired on an extended leasehold. The accommodations are acquired by Spanish subsidiaries held inside the Travelodge OpCo Group and are situated in Alicante, Barcelona, Madrid, Malaga and Murcia. The acquisition builds on Travelodge’s present strongly performing six resort Spanish enterprise, doubling its presence within the Spanish market.
Spain is a vital marketplace for us, with a longtime presence of six accommodations and an skilled native administration group. We recognise there are important ongoing alternatives for our enterprise, with the potential to supply good worth and high quality lodging in lots of extra areas throughout the nation. Last 12 months we recognized the highest 20 key markets to open a brand new resort in Spain, the place there may be at the moment a scarcity of excellent high quality, low price, branded lodging to fulfill the wants of enterprise and leisure friends.
We are excited to announce the acquisition of those properties from Louvre Hotels Group as a part of our Spanish improvement technique. This doubles our presence in Spain and provides us the best base to construct our model even additional. We stay up for working with our new colleagues, and rising our resort community additional, offering additional selection and nice worth to enterprise and leisure travellers throughout Spain. Jo Boydell, CEO of Travelodge
In January 2024, a newly fashioned property holding group (“Travelodge PropCo Group”) was created to buy 66 freehold and lengthy leasehold property within the UK, held by T&L Holdco Limited. T&L Holdco Limited can also be the direct dad or mum of Thame and London Limited, the highest firm within the Travelodge OpCo Group.
About Travelodge
Founded in 1985, Travelodge is Britain’s very first price range resort chain and at the moment is without doubt one of the largest price range resort chains within the UK, with a portfolio of almost 600 accommodations and over 46,000 bedrooms throughout the UK, Ireland and Spain.
Welcoming over 22 million friends yearly, the vast majority of Travelodge accommodations are situated in main cities, cities and vacation hotspots in addition to by airports and key enterprise hubs. With 90% of its accommodations rated 4* or above on TripAdvisor, Travelodge is proud to supply a various buyer base a very good worth expertise – whether or not travelling for enterprise or leisure. In 2023 roughly 50% of rooms have been offered for lower than £60.
In 2004, Travelodge was the primary UK price range resort model to launch in Spain when it opened its first resort in Madrid, intently adopted by its first in Barcelona. Over the next years three additional accommodations have been opened in Barcelona, Madrid and Valencia. In October final 12 months the sixth resort in Spain was opened – Madrid Coslada Aeropuerto Travelodge.
Our Spanish Travelodge accommodations are an amazing base for each enterprise and leisure friends, providing a variety of room sorts, a breakfast, lunch and dinner menu at inexpensive costs in addition to Wifi for all friends. All accommodations are additionally pet-friendly.
For additional info go to travelodge.co.uk or the Travelodge Hotels Limited LinkedIn web page.
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