Travelodge

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Appointments

New Travelodge CEO wants to rebuild relationships with landlords

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Travelodge has named Craig Bonnar as its permanent CEO.

The Latest

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    Video - In Focus
    On this week's episode of In Focus, Julie Rey-Gore and Katherine Doggrell sit down with Andrew Harrington, Partner of AHV Associates to review the latest updates in the Travelodge saga, the Ago deal and the hybrid lease model. What will it mean for investors going forward and where will it take the market? Harrington says it's all about the risk factor: "the risk is higher, therefore the rewards have to be higher." And David Orr, CEO of Residential Hotels speaks to Katherine about their strategy and why prime locations works for their group.  Don't miss out, sign up to get daily insights that power the deal. We want to support the people who have supported us while the industry adapts and are offering six months’ free access to Hospitality Insights to those between jobs. Please click here to apply.  #solidaritywithhospitality
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    Transactions
    Ago Hotels announced it had secured at least nine hotel leases from Travelodge following the break clause deadline on 18 November.
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    Insider
    The hotel sector loves a gossip. Oh how it loves to gossip and the horror of the current situation is that gossiping has been horribly restricted. The dark corners of the Marlene Bar are silent, with whispers unwhispered and speculation unfloated. For a market which runs on the buzz of a rumour spread over a gin, the brain feels as though its ears have been cut off.
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    Transactions
    Secure Income Reit has withdrawn its portfolio of Travelodge hotels for sale, despite resorts that a deal had been struck with Aroundtown.
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    Video - In Focus
    We asked and our investors answered. All you need to know about the results of our third instalment of Questex Hospitality & Travel's Investor Sentiment Assessment with Thanos Papasavvas.  Dry powder, transactions, yield expectations, sad investors, and all of the wit that Alexi and Katherine bring to our weekly In Focus episodes.  And we have more updates on the Travelodge saga. Join us.
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    Travelodge
    Ago Hotels was moving into the final stages of efforts to rebrand the Travelodge estate under Accor’s Ibis brand.
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    Leases
    Early signs were that a number of Travelodge landlords would end their relationships with the brand, after the deadline for taking up a lease extension passed.