Travel News|

Travelodge launches 100 million pound hotel acquisition fund

Budget UK hotel chain Travelodge has announced the launch of a £100 million joint venture property fund as it looks to acquire a number of hotels that are struggling in the current economy.

The co-operative venture with Meghraj Properties will look to purchase from eight to 14 hotel properties, which would in turn be leased back to Travelodge.

Travelodge currently operates 380 sites around the UK and is the second-largest budget hotelier in Britain. It has said that many of the acquisition targets will likely be in the mid-market range, which is having the most difficulty financially in the recession.

Targeted properties will be existing operations, with a focus on those located in mature markets where the budget chain does not already have a strong presence – meaning it could achieve its expansion goals in those areas without planning and construction delays.

Paul Harvey, the Travelodge director, said: “Since the summer of last year we have been contacted by a substantial number of owners and administrators who have been looking to sell their hotels to us as going concerns.”

He went on to say: “What stopped negotiations moving forward on many of the sites were the excessive valuations placed on the properties. Over the last two months however it has become clear that expectations on value have moved in our direction, meaning some exciting opportunities are presenting themselves.”

Thanks to for the above quotes, for more information on this article please visit their website.



  • Share this post:
  • Facebook
  • Twitter
  • Delicious
  • Digg
In the Press
  • The Sunday Post Martin Lewis of Early booking using comparison sites including can slash up to 70%
  • The Daily Mail For the best deals, use price comparison websites such as
  • The Daily Telegraph Check out car hire comparison sites such as to see the prices on offer at dozens of car hire companies.

Cookies on

Copyright 2003 ASAP Ventures Ltd

All rights reserved

Registered in England and Wales

Company number 4278063

Registered office address

1 The Square, Lightwater, Surrey, GU18 5SS