• Travelodge expansion

Travelodge is planning a major expansion with 205 new target locations in the UK. If built out, the plan to grow the portfolio by 30% would represent a GBP1.3bn expansion, reports Property Week.

The company is committed to signing 25 year leases with index-linked rents, backed by the group’s owning investors. It is contacting developers and landowners, and also approaching local authorities to encourage them to develop hotels.

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