Travelodge has today announced that further to the overwhelming support of its landlords for its company voluntary arrangement, it has retained a network of 578 hotels, accounting for more than 98% of its 2019 UK hotel EBITDA.
This network constitutes 563 hotels in the mainland UK, ten properties in Ireland and Northern Ireland and five hotels in Spain. It also includes nine new hotels opened in the year to date.
Steve Bennett, Travelodge Property Director, said, “While the Covid-19 situation has created unprecedented challenges for the whole UK hospitality industry, we have worked closely with our landlords to try to find the best possible path forward.
'With the overwhelming support and commitment of so many landlords across the country, we now have a strong, diversified and well invested network that leaves us well positioned for the recovery.
'The Group would like to thank its landlords for their overwhelming support and will continue to work closely with all its stakeholders over the months ahead.”