This week, Travelodge, one of London’s biggest hotel chains has opened two new hotels in the Capital and boosted its portfolio to 589 hotels which includes 77 properties in London.
Collectively these two hotels which are located in Beckton and Dagenham represent an investment of £22 million by third party investors and have created 55 new jobs.
London Beckton Travelodge, a 113-room hotel is the group’s first hotel in Beckton. It represents a multimillion investment by the landlord, SEGRO plc, and has created 35 new jobs. This new hotel is a key part of the recently completed SEGRO Park Newham, a former landfill site that has not been utilised for over 40 years. The hotel features an on-site restaurant called the Bar Café and a dedicated business floor featuring the company’s premium economy SuperRooms.
London Dagenham East Travelodge is the group’s second hotel to open in Dagenham within 12 months. The 78-room hotel offers complimentary onsite car-parking. It represents an investment of £7 million by the landlord and has been built in partnership with Barking & Dagenham Council and Be First, the council’s regeneration organisation. It has created 20 new jobs. The hotel is located close to Dagenham East underground and near to ‘Made in Dagenham Studios’, which is set to be London’s largest film studio.
Room rates at both hotels start from £35 and can be booked at www.travelodge.co.uk
With these two new hotel openings, Travelodge has opened 10 hotels in London in the last three years and created 320 new jobs. This includes the company’s new build 395-room flagship hotel, London City Travelodge Plus hotel. These 10 hotel openings represent an investment of approximately £200 million by third party investors.
Travelodge now operates 77 hotels in London which includes 39 properties with an on-site restaurant called The Bar Café and 27 hotels that offer the company’s premium SuperRooms.
London remains a key growth area for Travelodge and the company is expecting to open at least 20 more hotels in the Capital over the next five years. To help fulfil this requirement the company is actively looking for opportunities in more than 100 London locations. This expansion programme will create over 500 new jobs and could represent an investment of £350 million by third party investors.
“As one of London’s largest hotel brands, we are delighted to open two hotels in East London this week and boost our portfolio to 77 hotels across the Capital. During the last three years we have been focused on offering more choice and great value to customers visiting London by extending our hotel network across all corners of the capital, introducing our premium economy concept, SuperRooms and our budget chic, Travelodge Plus hotels.”
“As we look to the future, London is a world class destination for leisure and business travellers however there still remains a desperate need for more good quality, low cost accommodation; especially across the boroughs. Currently the budget sector accounts for 23% of the London hotel market. This is well below the national average (268%) and means London has less budget hotels than other major cities such as Birmingham, Edinburgh and Manchester. Also with the average hotel price currently at almost twice the level of the UK regions, consumers are crying out for more good quality, low-cost places to stay throughout the Capital.
Therefore to meet this growing demand we are planning to open a further 20 Travelodge hotels over the next five years across London and we are actively looking at opportunities in more than 100 London locations. This expansion programme will create over 500 new jobs and could represent an investment of £350 million by third party investors.”Tony O’Brien, Travelodge UK Development Director