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The owner of Travelodge, US hedge fund GoldenTree Asset Management, is reportedly in talks to buy £40m worth of hotels from its landlords, according to The Sunday Times.
The company operates a system where it leases hotels from third-party landlords and the move to purchase freeholds has fuelled rumours of a potential sale.
The hotel chain bought 66 UK hotels for £210m from its largest landlord LXi REIT plc in March.
The hedge fund explored a £1.2bn sale of Travelodge last summer as the business benefited from a boost in demand for domestic travel.
The company acquired six hotels in Spain from Louvre Hotels Group earlier this month, expanding its presence in the Spanish market.
Travelodge operates nearly 600 hotels and employs over 12,000 people and saw revenue exceed £1bn for the first time last year.
Hotel Owner has approached Travelodge for comment.
