Hotel Brands
Travelodge to acquire over 60 hotels from landlord for £210m
The transaction, which is expected to complete on 28 February, comes after Travelodge reported record-breaking Q3 financial results in November 2023
Travelodge has today (8 January) exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord LXi REIT plc, for a combined sum of £210m.
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