Travelodge exchanges £24m contracts on two hotels

16th November 2010, 10:35am

Budget hotel chain Travelodge has exchanged contracts on two new hotels next to the MEN Arena, Manchester, and the NEC in Birmingham.

The hotels will create 100 jobs, with many more set to be created during the construction period.

Travelodge is also looking to open more site hotels near popular venues such as the 02 in Greenwich, Wembley Arena and the SECC in Glasgow.

Paul Harvey, managing director for development at Travelodge, said: "The explosion in the popularity of live music and comedy events over recent years saw our hotels located near to arenas out perform expectations during the recession.

"The NEC in Birmingham and the MEN in Manchester both attract the biggest acts, conferences and events from around the world so I am delighted we have been able to secure these locations. We have identified another three arenas we are looking to build in close proximity to and I hope we will secure those deals soon."

The deal is worth £24 million.

Related Articles:

• 19 Apr 2011 - Travelodge partners with major pub companies as part of expansion programme
• 10 Sep 2010 - Travelodge opens Wadebridge's first budget hotel
• 22 Mar 2010 - Travelodge keeps expanding
• 26 Jan 2010 - Travelodge to launch 26 new hotels this year
• 17 Nov 2009 - Travelodge reveals10 new openings worth almost £50m

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