Hotel Transaction Spain
Travelodge Acquires 6 Hotels Totalling 773 Rooms in Spain from Louvre Hotels Group
The hotels are located in Alicante, Barcelona, Madrid, Malaga and Murcia.
The hotels are located in Alicante, Barcelona, Madrid, Malaga and Murcia.
The 66 hotels were acquired on a freehold and long leasehold basis enabling the Travelodge group to take control of the assets
Key findings from the Report revealed that over two thirds of the nation will be travelling this year with over 80% of these respondents travelling for leisure purposes.
Demi brings a wealth of expertise to Travelodge, having worked across a range of companies including Whitbread, KFC, ASOS and WPP, with experience spanning over almost two decades in sustainability, innovation and social impact.
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, for a combined sum of £210 million.
This is the groups fourth hotel currently being built in London. The other three new-build hotels are being constructed at the Kia Oval Cricket Ground, in Bermondsey and in Beckenham
Travelodge has signed a lease and invested 1 million refurbishing the new Madrid Coslada Aeropuerto Travelodge
In addition to the 400 roles targeting students, Travelodge is also offering 75 roles including hotel management, head office and engineering positions
This is the groups first Ibis hotel acquisition and its second hotel in Wellingborough
The new campaign features Travelodges next generation room