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Travelodge to Expand Product in UKNovember 16, 2009 By: Jena Tesse Fox
Travelodge is continuing its UK expansion with three new budget hotels in Manchester and Edinburgh, as part of an $83.6 million program.
The group, which is owned by Dubai International Capital, has exchanged contracts on ten new sites that will reportedly add 857 rooms and create 250 jobs.
The new hotels will include two in Edinburgh—a 93-room hotel at Waterloo Place and a 43-room property on Rose Street—plus a 157-room hotel in Manchester Piccadilly.
Paul Harvey, the chain’s managing director for development, said the ten new sites took the number of contracts exchanged so far this year to 60, a record for the company, despite the difficult property market. “We are now the biggest hotel brand in Edinburgh, having doubled our room stock in the city in the last 24 months, and we now have eight sites in Manchester,” he said.
Some of the other projects to be announced today include a 99-room hotel in Ealing, West London, and properties in Ipswich, Llanelli, Newbury and Newcastle-under-Lyme.
Travelodge currently operates 385 hotels with a total of 27,000 rooms. It plans to operate 1,000 hotels with 70,000 rooms by 2020.