Travelodge is ready to resist £1b Whitbread takeover bid

08 February 2006
Travelodge is ready to resist £1b Whitbread takeover bid

Travelodge rallied its defences publicly for the first time this week following increasing speculation that rival Whitbread was preparing a £1b takeover bid.

The budget hotel chain released a statement yesterday saying: "It is the firm view of the management that a takeover by Whitbread] would be detrimental to the development of Travelodge."

A spokesman added: "The management team would prefer a management buyout, although flotation remains a possibility."

Whitbread, which owns rival budget hotel chain Premier Travel Inn, declined to comment on the rumours, or on reports it had contacted the Office of Fair Trading over competition regulations. Travelodge‘s owner, private equity group Permira, is expected to put the hotel group up for sale in the near future.

By Emily Manson

Get your copy of Caterer and Hotelkeeper every week -

[Sudoku Join the craze and play Sudoku online!
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking