The six Travelodge properties which were put on the market at the start of October, representing over 700 rooms, have been given a first offer deadline by property agents Christie & Co.
The sale portfolio on the market includes properties in Edinburgh, Newcastle, Manchester, Coventry, Stevenage and Bath and has a combined value of around £30m. The sale is a result of the company entering into a Company Voluntary Agreement which set out a plan to dispose of 49 properties within the Travelodge stable.
Properties are up for sale on an individual basis with a view to selling with vacant possession. A deadline has been set for first offers.
Jeremy Jones, director of corporate hotels for Christie + Co, said: "We have received a significant amount of interest in all six of the hotels since we brought them to the market in early October."
By Emily Manson
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