Travelodge exchanges on 10 new hotels for £61 million

23rd February 2010, 9:53am

Travelodge, the UK's fastest growing hotel chain, has announced the exchange of 10 new hotels at a combined investment value of £61 million.

The expansion will create 300 jobs, with all entry level staff being recruited from the long term unemployed via its employment partner, Job Centre Plus.

The new hotels will be located in: London Bethnal Green, London Bank, London Ealing, Bristol, Liverpool, Manchester MEN Arena, Manchester University, Camberley, Cannock and Andover.

Travelodge's managing director for development Paul Harvey said: "During the recession we have taken the opportunity to grow where many have put their development on hold. In 2009 we secured more hotels than any other year in our history and have been able to attain superior sites due to lower property prices.

"This group of exchanges include our first hotels in Cannock and Andover and also steps up our presence in some of the UK's leading cities."

Related Articles:

• 28 Jul 2010 - Travelodge to sponsor Champion Bottled Beer of Britain competition
• 16 Jul 2010 - Travelodge bolsters aggressive growth plans – by acquiring 52 Mitchell and Butler pub group Innkeeper Lodges
• 06 Jul 2010 - Boris Johnson opens Travelodge's 400th hotel in London Waterloo
• 17 Jun 2010 - Hotel chain Travelodge resigns from British Hospitality Association
• 11 May 2010 - Hotel chain Travelodge appoints chief executive officer
• 26 Jan 2010 - Travelodge to launch 26 new hotels this year
• 01 Oct 2009 - Travelodge and Marston's join forces
• 17 Aug 2009 - Travelodge launches first Essex hotel
• 18 Jun 2009 - Travelodge launch £100m raid for struggling hotels
• 29 Apr 2009 - Hotel room sold every second at Travelodge
• 25 Mar 2009 - UK's first Travelodge iBooker launches today
• 18 Mar 2009 - Travelodge's website most visited in UK
• 19 Nov 2008 - Price cuts at Travelodge

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