Hotel group expands

TRAVELODGE, which claims to be the UK's fastest growing budget hotel chain, has announced the largest transaction in the hotel sector since 2008, by acquiring the leases of 52 Innkeeper's Lodges from restaurant and pub operator Mitchells & Butlers.  This deal will boost Travelodge's estate to 452 properties.  The 52 hotels, which include a number of grade ll listed buildings, are all adjacent to Mitchells & Butlers hostelries.  Travelodge will embark on a £10m investment programme to convert the hotels to bring them in line with the Travelodge brand.  It is anticipated that this will take four months. www.travelodge.co.uk

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