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Three London Travelodge openings represent £35m investment

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Three London Travelodge openings represent £35m investment

The opening of three Travelodge hotels in London collectively represent an investment of over £35m for third-party investors.

The budget hotel chain has opened three new properties recently in Acton (pictured), Bromley and Dagenham. Its 395-bedroom, £95m London City Travelodge, which is due to open next month, will also be the company’s first Travelodge Plus-branded property and its largest new build development to date.

The four new Travelodge hotels boost the Travelodge portfolio to 565 properties and 75 hotels in London, contributing towards the group’s plans to open 20 hotels in the UK during 2018 to take its portfolio to a total of 578 hotels.

Tony O’Brien, Travelodge UK property director said: “We are delighted to be celebrating our 30th anniversary in London by not just opening three hotels in key growth areas, but also by opening our flagship hotel, London City Travelodge next month, which is our largest new build hotel to date.”

The 133-bedroom London Acton Travelodge represents an investment of £20m for the landlord. London Dagenham Travelodge, a 77-bedroom, five-storey hotel represents an £8m investment for the landlord and has created 25 new jobs within the area; while London Bromley Town Centre Travelodge represents an investment of £7.5m for the landlord.

Travelodge launches new budget hotel format Travelodge Plus >>

Travelodge reveals plans for 20 new openings in 2018 >>

Travelodge gives ‘cautious’ outlook as cost pressures hit profits >>

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