UK budget hotel chain Travelodge is to be put up for sale with a price tag of £1.2 bn (€1.4 bn) according to UK press reports.
GoldenTree, the US hedge fund that took over Travelodge in 2012, has held meetings with investment banks to explore a potential sale of the chain of 595 hotels, which are largely located in the UK.
The business reported sales of more than £900 mln last year and profits of £212.9 mln.
Copyright © 1997–2025 IPE International Publishers Limited, Registered in England, Reg No. 3233596, VAT No. 685 1784 92. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP
