Travelodge by the Bank of England

Claimed to be the UK’s fastest growing hotel brand, Travelodge has opened its 486th hotel, a stone’s throw from the Bank of England.  The London Bank Travelodge, a 75-room grade II listed property, represents an investment of £7.5m and looks like providing one of the most successful new hotel openings in the company’s 26-year history.  The majority of reservations have come from City staff for which the budget hotel product is a new concept.  Many are booking ahead in preparation of the Christmas party season.

The new London Bank Travelodge is also the start of a £223m expansion programme for what is London’s biggest hotel chain – with the opening of 26 hotels scheduled over the next 24 months.  Ten will be available before the start of the Olympic Games.  This includes a 188-room property in Stratford – just a few minutes walk away from the Queen Elizabeth II Park complex and a 131-room hotel at London’s Excel where the boxing, fencing, weightlifting and wrestling events will take place. www.travelodge.co.uk

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