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1. • • 8 January 2024 – Travelodge, the UK’s first budget hotel brand which operates nearly 600 hotels, today announces that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc (“LXi”), for a combined sum of £210 million.
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     Travelodge agrees to acquire 66 Travelodge-branded hotels ...

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   Will Travelodge acquire 66 hotels?

   • The 66 hotels will be acquired on a freehold and long leasehold basis enabling the Travelodge group to take control of the assets, enhancing value.

   Travelodge agrees to acquire 66 Travelodge-branded hotels from its

   www.travelodge.co.uk/our-business/blog/press_release/travelodge-agrees-to-acquire-66-travelodge-branded-hotels-from-its-largest-landlord-lxi-reit-for-210-million-with-support-from-travelodges-owner-goldentree-asset-management/

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   Who owns Travelodge Hotels?

   • 8 January 2024 – Travelodge, the UK’s first budget hotel brand which operates nearly 600 hotels, today announces that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc (“LXi”), for a combined sum of £210 million.

   Travelodge agrees to acquire 66 Travelodge-branded hotels from its

   www.travelodge.co.uk/our-business/blog/press_release/travelodge-agrees-to-acquire-66-travelodge-branded-hotels-from-its-largest-landlord-lxi-reit-for-210-million-with-support-from-travelodges-owner-goldentree-asset-management/

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   Did Travelodge buy 66 hotels from LXI REIT?

   • By Angela Green: Travelodge announces acquisition of 66 hotels from LXi REIT. Travelodge which operates nearly 600 hotels, earlier today announced that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc (“LXi”), for a combined sum of £210 million.

   Travelodge announces acquisition of 66 hotels from LXi REIT

   www.hospitalityandcateringnews.com/2024/01/travelodge-announces-acquisition-of-66-hotels-from-lxi-reit/

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   When did Travelodge start?

   • In 1985, Travelodge became the UK’s first budget hotel brand when it opened its first hotel at Barton-under-Needwood. Today, we operate nearly 600 hotels across the UK, Ireland and Spain and annually welcome over 21 million guests.

   Travelodge agrees to acquire 66 Travelodge-branded hotels from its

   www.travelodge.co.uk/our-business/blog/press_release/travelodge-agrees-to-acquire-66-travelodge-branded-hotels-from-its-largest-landlord-lxi-reit-for-210-million-with-support-from-travelodges-owner-goldentree-asset-management/

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   How many locations does Travelodge have?

   • Travelodge says the £175million expansion will increase its number of locations to 597 in the UK, Ireland and Spain. New sites will be developed with cash from third party investors and will also include three more “higher-end” Travelodge PLUS hotels.

   Travelodge to open 17 new hotels this year creating 360

   www.mirror.co.uk/money/travelodge-open-17-new-hotels-24037801

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   Are Travelodge hotels still open?

   • Travelodge hotels have remained open through the pandemic for frontline workers. To mark the new openings, Travelodge says it has today released some two million rooms costing £29 or less to entice Brits back to their hotels.

   Travelodge to open 17 new hotels this year creating 360

   www.mirror.co.uk/money/travelodge-open-17-new-hotels-24037801

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3. www.travelodge.co.uk › our-business › blogTravelodge agrees to acquire 66 Travelodge-branded hotels ...

   www.travelodge.co.uk › our-business › blog

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   The 66 hotels will be acquired on a freehold and long leasehold basis enabling the Travelodge group to take control of the assets, enhancing value.

   • Travelodge PropCo Group closes the acquisition of 66 ...

     A newly formed property holding group (Travelodge PropCo...

4. m.travelodge.co.uk › press-centre › press-releasesTravelodge PropCo Group closes the acquisition of 66 ...

   m.travelodge.co.uk › press-centre › press-releases

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   A newly formed property holding group (Travelodge PropCo Group) completed the acquisition of 66 Travelodge-branded hotels on a freehold and long leasehold basis from Travelodge’s largest landlord, LXi REIT plc, for a purchase price of £210 million.

5. www.travelodge.co.uk › nw › sitesTravelodge agrees to acquire 66 Travelodge-branded hotels ...

   www.travelodge.co.uk › nw › sites

   600 hotels, today announces that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc (“LXi”), for a combined sum of £210 million.

6. www.hospitalityandcateringnews.com › 2024 › 01Travelodge announces acquisition of 66 hotels from LXi REIT

   www.hospitalityandcateringnews.com › 2024 › 01

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   Jan 8, 2024 · Travelodge which operates nearly 600 hotels, earlier today announced that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc (“LXi”), for a combined sum of £210 million.

7. www.hospitalitynet.org › news › 4120976Travelodge PropCo Group closes the acquisition of 66 ...

   www.hospitalitynet.org › news › 4120976

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   Mar 15, 2024 · A newly formed property holding group (Travelodge PropCo Group) completed the acquisition of 66 Travelodge-branded hotels on a freehold and long leasehold basis from Travelodge’s largest...

   • Author: Travelodge

8. www.hospitalityinvestor.com › investmentTravelodge to buy 66 of its branded hotels from LXi REIT for ...

   www.hospitalityinvestor.com › investment

   Jan 10, 2024 · Travelodge has exchanged contracts to acquire 66 Travelodge-branded hotels from its largest landlord, LXi REIT for a total of £210 million.

9. www.hotelnewsresource.com › article129715Travelodge Agrees to Acquire 66 Travelodge-branded Hotels £ ...

   www.hotelnewsresource.com › article129715

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   Jan 8, 2024 · Travelodge, the UK's first budget hotel brand which operates nearly 600 hotels, today announces that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long...