Travelodge to double in size – For more hospitality stories, see what the weekend papers say

21 May 2007 by
Travelodge to double in size – For more hospitality stories, see what the weekend papers say

Travelodge to double in size
TravelodgeMail on Sunday](, 20 May.

M&B will sell off propertyMitchells & Butlers has drawn up plans to spin off up to £4b of its property portfolio in a major concession to key activist investor Robert Tchenguiz. As expected, M&B, which owns the All Bar One and Harvester chains, has fought off Tchenguiz's more far-reaching demands that the pub chain's entire £5.5b property estate be transferred to a separately listed tax-efficient real estate investment trust. - [Sunday Telegraph](, 20 May.

Champneys fails to make a profit Six hundred shareholders in leisure resort Champneys were expecting to receive payments of between £4,000 and £30,000 each this Tuesday as money paid as the proceeds of redeemable preference shares. Four million such shares with a face value of £1 were issued to founder members of Champneys 10 years ago. Champneys chairman Stephen Purdew has sent a letter to shareholders telling them there will be no payout because there are no profits. - [Mail on Sunday](, 20 May

By Bob Gledhill

E-mail your comments to [Bob Gledhill]( papers) here.

[The Caterer Blog]( Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
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 Group 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