Travelodge writes to local authorities as it seeks 300 sites
Travelodge has made proposals to 220 local authorities to form joint development partnerships as it looks to open 300 hotels.
The expansion plan, worth around £3bn, could see the creation of 9,000 jobs, with Travelodge saying the partnerships could “stimulate regeneration”.
In 2022, Travelodge opened three sites in partnership with local authorities, with two in London and one in Braintree. The chain is currently working with councils in Rotherham and Colchester to open two hotels.
These agreements had funding arrangements which allowed local authorities to make use of existing assets and brownfield sites.
Following the construction of the hotels, authorities were able to retain ownership of the hotel and receive rent or sell the site in conjunction with Travelodge.
Steve Bennett, Travelodge chief property and development officer, said: “In the current climate, local authorities are under extreme pressure to invest in their economy and support regeneration projects. This is why we are today writing to 220 local authorities to offer our support, as we can make a real difference.
“Adding a Travelodge hotel can be a catalyst to attract new businesses, support regeneration, bring vacant buildings back into economic use as well as attracting thousands of new overnight visitors to the area and revitalising high streets.”