Travelodge

Craig Bonnar has been confirmed as Travelodge chief executive, having originally taken the post on a temporary basis following the departure of Peter Gowers at the end of last year.

Travelodge expects to open 17 hotels across the UK this year, which are being developed by third-party investors with an approximate investment value of £175m.

Premier Inn owner Whitbread has exchanged contracts to convert two Travelodge hotels into Premier Inns.

Landlord Secure Income REIT (SIR) has cast a vote of confidence in Travelodge in announcing its decision not to exercise its break options to terminate the leases of its 123 Travelodge hotels.