The FINANCIAL — Six Travelodge hotels have been put up for sale following the firm's decision to enter a Company Voluntary Arrangement (CVA), which involves offloading 49 hotels it considers no longer viable.
The properties, which include prime locations in Bath and Edinburgh, are owned by Piccadilly Hotels and leased to Travelodge. As Caterer and Hotelkeeper reported, Christie & Co is marketing the hotels on an individual basis with a view to selling with vacant possession.
Jeremy Jones, director of corporate hotels for Christie & Co, said: "Given the strategic location of these Travelodge hotels and the potential for new operators to explore rebranding them in both budget and mid-market segments, we expect a great deal of competitive interest."
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