Travelodge to invest £100m in 15 hotels this year

Aaron Morby 8 years ago
Share

Travelodge plans to invest £100m building 15 hotels in key city centre locations around the country this year.

The plan to expand beyond its traditional roadside hotels will see its network grow to 514 hotels and more than 39,000 rooms.

Five new hotels will open in London, cementing Travelodge’s position as the largest hotel chain in the capital, where the company will have 65 hotels.

Further hotels will open in Glasgow, Manchester and Southampton. The chain is also targeting new seaside destinations including Southport, Christchurch, Llandudno and Ryde on the Isle of Wight and in the spa town of Harrogate.

As well as new hotel openings, Travelodge is continuing its modernisation programme for its existing hotels, and will renovate a further 11,800 guest bedrooms during the year at a cost of £37m.

Peter Gowers, Travelodge Chief Executive said:”2014 marks the next stage on our journey to build a new Travelodge that is Britain’s favourite hotel for value.

“During the last year we modernised more than 200 of our hotels across the country and we are on schedule to transform the majority of our portfolio by this autumn.

“With this further investment in new hotels, we’re delighted to be expanding into great new locations where our customers want to go, for both business and leisure.”

15 new Travelodge hotel openings

Travelodge No. rooms Investment
London Raynes Park 86 £8m
London Greenwich 104 £10m
London Walthamstow 107 £8.6m
London Wembley 86 £6.9m
London Hackney 80 £7m
Manchester Piccadilly 157 £10.7m
Glasgow, Queen St 171 £12m
Southampton Castle Way 84 £5.5m
Southport 101 £5.7m
Christchurch 68 £3.9m
Llandudno 82 £4.6m
Ryde, Isle of Wight 41 £2.1m
Chertsey 73 £5.6m
Egham 80 £5m
Harrogate Tower Street 70 £4.2m
Total 1,458 £99.8m

Latest news

50 firms win £3.6bn National Highways renewals deal

Morgan Sindall, Eurovia and Osborne win super regions civils
2 days ago

McLaren wins new Aston Martin F1 factory race

£200m development near Silverstone will take 18 months to complete
24 hours ago

Kent Council seeks four partners for £500m pipeline

Council drops 17-supplier framework to partner with just four contractors
1 day ago

Robertson set to seal £150m Cardiff Arena deal

Cabinet to sign off contractor and business case for construction start next spring
1 day ago

VolkerFitzpatrick wins £82m Hull turbine blades factory

Deal to upgrade and build two more factories follows on from job five years ago
1 day ago

Lorne Stewart battles to return to profit

Harrow-based M&E group begins to curb losses
1 day ago

Henry Construction to build £32m Ealing resi scheme

Financing deal paves way for start on 14-storey scheme
2 days ago

Kier returns to profit after two-year turnaround

Contractor makes £5.6m after £225.3m loss last time
2 days ago

Galliford Try returns to profit with margin at 2%

Order book swells to £3.3bn with 90% of work in place for 2022
2 days ago

Fire hits £120m Tolent Milburngate site

Blaze breaks out behind cavity wall as site evacuated
2 days ago

Roof tile maker Marley to float on stock market

Private equity firm unveils plan to take Britain's largest roof tile maker public
2 days ago

Plans in for Lancashire 1,700 inmate prison

Seven houseblock HMP Wymott 2 planned near Leyland
2 days ago

Michael Gove named new housing secretary

Gove replaces Robert Jenrick in Cabinet reshuffle
3 days ago

Redrow happy for staff to keep working from home

House builder says staff can work "where they are most efficient"
3 days ago

Cleveland Bridge UK collapsed owing over £21m

Estimation error on £11m job, Covid costs and an overseas coup left firm needing £12m to trade
3 days ago

Construction job vacancies soar to record high

Unfilled jobs soar to 37,000, equating to 2.4 vacancies for every 100 jobs
3 days ago

BAM Nuttall chief to exit after 16 months in role

Major projects chief Ian Parish to step up as interim MD
4 days ago

Subbies and suppliers owed £18.7m by WRW

Administrators reveal scale of debts at failed Welsh contractor
3 days ago

Crane company boss killed by falling load

Crane company owner crushed during delivery
4 days ago

Aberla lands £20m package at Viadux in Manchester

M&E specialist to start latest scheme with Domis Construction next month
4 days ago

Former Dunne concrete boss charged

Gordon Dunne and his wife Johanna facing charges of financial irregularities
4 days ago

RED hires Midas director for south west expansion

London contractor sets up Bristol office with Derek Quinn at the helm
4 days ago

Weston launches light-gauge steel panel housing system

New British Offsite business has capacity to delivery 4,000 homes a year
4 days ago

Balfour builds UK’s first T-pylons for Hinkley

First newly designed pylon in nearly 100 years erected in £900m hook-up project
4 days ago

Jetpack launched for hard-to-reach construction sites

Star Wars technology hopes to see site professionals flying off to make building inspections
5 days ago

North East contractors to hold materials shortage summit

Regional firms come together to tackle crisis
4 days ago

Green light for Teesside wind turbine factory

Construction to begin later this year of 800,000 sq ft turbine blade plant
5 days ago

Shepherd counts cost of construction exit six years on

Construction arm records £31m loss from legacy construction project and cladding liabilities
5 days ago

Infrastructure record spend to support 425,000 jobs a year

Government details £30bn of planned procurements over the next 12 months
5 days ago

L&G modular homes losses to date reach £137m

Accumulated losses build but first modular schemes finally start construction
5 days ago

Contractor services