Travelodge expects to open another 17 hotels across the UK in 2021, growing its hotel network to 597 locations in the UK, Ireland and Spain.
These new properties are being developed by third-party investors with an approximate investment value of £175 million.
As part of this expansion, the group is continuing the roll-out of its Travelodge Plus brand, which it describes as “budget chic”. The company plans to add a further three Travelodge Plus hotels, taking its total to 14 across the UK.
“After a challenging 12 months, today’s announcement demonstrates the strength in the Travelodge brand and is a key step forward as we emerge out of lockdown,” Craig Bonnar, Travelodge CEO, said.
Even with these additions, Travelodge remains on the hunt for new locations and property director Steve Bennett, sees opportunities in the post-pandemic world.
“We are still actively searching for development opportunities where Travelodge can act as a catalyst to support regeneration in key business and leisure locations across the UK,” Bennet said.
“It is an interesting time for the property sector; the pandemic has accelerated major change and opened new opportunities for new-build, conversion and mixed-use development. For instance, the decline of the UK’s high streets is opening the way for property developers. Vacant office and retail space can be redeveloped into an entertainment hub that could inject new life back into the local community and economy.”
The 17 Travelodge hotels expected to open in 2021 are:
1. Boston (Lincolnshire)
2. Bristol Avonmouth
3. Bristol Emersons Green
4. Farringdon (Oxfordshire)
5. Kendal (Lake District)
6. Leicester city centre
7. London Elephant & Castle (Travelodge Plus)
8. London Manor House (Travelodge Plus)
9. London Peckham
11. Newark on Trent
15. St Albans (Travelodge Plus)
16. Walton on Thames