The firm is looking to strike-up partnerships with councils to jointly develop hotel schemes to spur local regeneration.
Travelodge has written to 220 local authorities across Britain proposing new hotels to support their regeneration programmes.
The company currently operates nearly 600 hotels and opened six new hotels last year – three of which were Local Authority partnerships with two hotels located in London at Docklands and Wimbledon and the third in Braintree.
The group is also currently on site with construction of two further Travelodge hotels being delivered in direct partnership with Local Authorities in Rotherham and Colchester.
Upon completion of the hotel development, local authorities have the choice of either retaining ownership of the hotel and receiving an annual rent into the council’s revenue budget or selling the hotel with Travelodge as its operator.
Steve Bennett, Travelodge Chief Property & Development Officer said: “In the current climate, Local Authorities are under extreme pressure to invest in their economy and support regeneration projects.
“This is why we are today writing to 220 Local Authorities to offer our support, as we can make a real difference. We have a proven track record of working with 25 forward-thinking Local Authorities across the UK from Ashford to Stirling. Our effective, innovative co-partnership development deals are spearheading regional economic growth and providing a solid long-term revenue stream.
“Britain is now a nation of budget travellers, with more of us choosing to stay in budget hotels than any other hotel type and this trend is set to grow, which is why we are looking to expand our UK hotel network with a further 300 hotels.
“Adding a Travelodge hotel can be a catalyst to attract new businesses, support regeneration, bring vacant buildings back into economic use as well as attracting thousands of new overnight visitors to the area and revitalising High Streets.