Travelodge Hotels Limited, trading as Travelodge, British private company headquarted in Thame, a town in Oxfordshire in in South East Emgland founded in 1985 operating in th hospitality industry throughout Great Britain but with presence in Ireland and Spain, pioneer in delivering affordable accommodation and nowadays one of the largest budget hotel chains in the United Kingdom has announced the acquisition of six hotels in Spain of the Louvre Hotels group, part of Jinjiang International, tourism and hospitality company based in Shanghai - China considered the 2nd hospitality company in the world.
The properties that enter Travelodge's portfolio are located in Alicante, Barcelona, Madrid, Malaga and Murcia will be managed by the Spanish subsidiary Travelodge OpCo led by T&K Holdco Limited, parent company of Thame and London Limited. The company opened its first hotel in Madrid in 2004 and expanded to Barcelona.
This expansion is part of the group's development strategy in Spain which has as its primary objective to provide more choice, options and value for both leisure and business travellers.
These acquisitions bring a total of 773 rooms to the British hotel company's portfolio and the hotels will operate under the Campanile Hotels brand created by Louvre Hotels Group based in Puteaux / La Défense in France.
Travelodge CEO Jo Boydell said Spain is an important market for the company with ample expansion potential due to the lack of high - quality, low - cost branded accommodations.
Spanish hotels offer optimal value for money, variety of room types, affordable meals and prices, Wi-Fi and all hotels are pet friendly.
As an additional about the company, earlier this year Travelodge ProCo Group, a new property holding group, was created to purchase 66 freehold and long - leaseback assets in Great Britain from T&L Holdco Limited.
Link - https://www.expreso.info/noticias/hoteles/103172_travelodge_duplica_su_presencia_en_espana_con_6_nuevos_hoteles
No comments:
Post a Comment
Thanks a lot to read and note.