News Articles

Record full year performance with Travelodge well positioned for long-term growth

Financial results for the year ended 31 December 2023 Jo Boydell, Travelodge Chief Executive, said: “I am delighted that Travelodge has delivered another record performance in 2023, with revenue above £1 billion for the first time. Our results reflect the hard work and commitment of our teams and the underlying strength of our business. We […]

Travelodge PropCo Group closes the acquisition of 66 Travelodge-branded hotels from Travelodge’s largest landlord – LXi REIT – for £210 million

29 February 2024 – Travelodge OpCo Group, the UK’s first budget hotel brand which operates nearly 600 hotels, today announces the completion of the property acquisition as anticipated in the announcement of the agreement on 8 January 2024. A newly formed property holding group (Travelodge PropCo Group) completed the acquisition of 66 Travelodge-branded hotels on […]

Travelodge agrees to acquire 66 Travelodge-branded hotels from its largest landlord

8 January 2024 – 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. The acquired portfolio includes hotels […]

Travelodge reveals Q1 2024 hotel openings

London Oval Travelodge Located just metres away from Oval Tube Station and opposite the famous Kia Oval Cricket Ground, this 95-bedroom hotel will be Travelodge’s 81st in London and its 600th hotel in the UK, Ireland and Spain.  London Oval Travelodge will also be the first new build hotel to feature Travelodge’s latest product, Bar […]

Travelodge officially opens its sixth Spanish hotel in Madrid

Travelodge, a leading budget hotel chain which operates nearly 600 hotels across the UK, Ireland and Spain, has officially opened its sixth hotel in Spain – in Coslada, Madrid. To mark this special occasion, the group hosted a ceremonial event which was attended by the landlord, investors, property agents and key British and Spanish stakeholders. […]