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23/02/2010

Travelodge 'Exchanges' New Hotels For £61m

One of the UK's fastest growing hotel chains, Travelodge has announced the exchange of 10 new hotels at a combined investment value of £61 million, delivering an additional 1,133 rooms.

The expansion will create 300 jobs, with all entry level staff being recruited from the long term unemployed via it's employment partner, Job Centre Plus.

The new hotels will be located in:
  • London Bethnal Green
  • London Bank
  • London Ealing
  • Bristol
  • Liverpool
  • Manchester MEN Arena
  • Manchester University
  • Camberley
  • Cannock
  • Andover
Upon construction, these sites will add 1,133 rooms to Travelodge's existing 28,000 room portfolio, including locations in major UK cities such as London, Manchester and Liverpool.
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Travelodge's Managing Director for Development, Paul Harvey said: "During the recession we have taken the opportunity to grow where many have put their development on hold. In 2009 we secured more hotels than any other year in our history and have been able to attain superior sites due to lower property prices."

(CD/BMcC)

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