Travelodge plans expansion in Yorkshire

Travelodge plans expansion in Yorkshire

Travelodge plans to boost its portfolio of 32 hotels in Yorkshire with 13 new properties after opening its second hotel in Harrogate.

The expansion represents an investment of £8 million and will create 300 new jobs across Yorkshire.

Locations for the new budget properties include Barnsley, Bradford, Brighouse, Bridlington, Halifax, Headingly, Huddersfield, Hull, Knaresborough, Wetherby, Whitby and two sites in York. 

The chain has 522 properties across the UK.

The newly-opened 70-room property, located close to Harrogate Conference Centre, represents an investment of £4.5 millon and has created 20 new jobs. 

Travelodge currently has 32 hotels in Yorkshire employing 519 people, and plans to boost its presence in the county to 45 properties and 819 staff.

The latest opening came as it was reported that 144 Travelodge hotels had been put up for sale at £600 million by the chain’s Wall Street owners.

CBRE and Deutsche Bank have been hired to find buyers for the sites by the owners, Goldman Sachs, Avenue Capital and GoldenTree Asset Management, sources told the Sunday Times.

The property auction will run alongside the disposal of the Travelodge operating company, which is being lined up for a £1 billion float or sale later this year.

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