Budget hotel growth in the UK

TRAVELODGE, the fast expanding budget hotel chain owned by Dubai International Capital, has taken over and re-branded three hotels as going concerns, the Rose Street Hotel, Edinburgh; the Ramada York and the Best Western Stansted Manor.  In keeping with its low cost philosophy all non-essential and ancillary items including fridges, trouser presses and unnecessary bathroom toiletries have been removed from the rooms.  At an investment of £14m, the hotels boost Travelodge's portfolio to 395 hotels and increase its 28,000 rooms by a further 217 rooms.  The first budget hotel brand to launch in the UK in 1985, Travelodge now operates 380 hotels (26,500 rooms) – eight in Ireland, three in Spain and the rest in the UK.  Travelodge plans to grow its estate to 70,000 rooms (approximately 1,000 hotels) by 2020.  Last year 6.5m people stayed with Travelodge and 87% of reservations are currently made online where room rates start at £19 a night. http://www.travelodge.co.uk

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