Travelodge takes over three mid-market hotels

Travelodge takes over three mid-market hotels

Travelodge has bolstered its UK portfolio by taking over the running of three mid-market hotels.

Ramada Encore hotels in Milton Keynes and Chatham and a Days Inn property in Derby bring the number of the budget chain’s hotels up to 530 – with as many as another 100 in the pipeline.

Sixty staff across the three properties have been transferred over to Travelodge.

The 159-room hotel in Milton Keynes will be operated on a 25-year lease with the landlord spending £1.2 million to modernise the hotel in line with Travelodge’s new brand design.

The other Ramada hotel is a 90-room property at Chatham historic dockyard, which has undergone a £600,000 revamp.

The 100-room Days Inn hotel adjacent to the Derbyshire County Cricket Club is being run on a 25-year lease agreement.

Paul Harvey, Travelodge managing director, property, said: “Britain has become a nation of value shoppers and as a result the budget hotel market continues to go from strength to strength.

“With our modernised hotels and unbeatable value, we are well placed to serve the rapidly growing demand for low-cost travel.

“We see the potential to grow our network of hotels in a further 250 UK locations and currently have approximately 100 hotels in our development pipeline.

“With our effective business model we can easily convert existing hotels or buildings into thriving Travelodges.”

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