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Budget hotel chain expands across UK furtherTravelodge has added 22 new properties across the UK at a total cost of £165 million, creating 1,300 new jobs across the country. Travelodge chief executive Guy Parsons said: "The strength of Travelodge's growth model has clearly been demonstrated, with the first six months of 2011 being the strongest in the company's history. We are not just exchanging contracts but most importantly finance is being secured upfront, to enable our developers to start on-site immediately. Everybody knows how difficult it is to obtain bank funding at the moment, so to have financed so many new schemes must be one of the biggest success stories of the UK property industry". |
