Travelodge unveils £125m hotel investment plans

Grant Prior 8 years ago
Share

Travelodge has confirmed details of its latest £125m expansion programme with 15 new hotels planned across the UK this year.

The sites will be developed by third party investors and the group also started construction today on its largest ever new build in the City of London.

The 395 room property in Middlesex Street backed by investor Freshwater is expected to open in 2018 and the main contractor is Tolent.

Peter Gowers, Travelodge Chief Executive said: “The march of the low-cost hotel sector continues, fuelled by businesses looking to reduce travel costs and the new generation of independent leisure travellers.

“To meet the growing demand, we are adding further capacity in key cities and expanding to new markets.

“The start of construction on our new flagship 395 room hotel in the heart of the City of London is another milestone for our growth.

“Together with the 15 new hotels we expect to open this year, this will continue the ongoing transformation of Travelodge into a high quality, low-cost brand for both business and leisure.

“With room to grow, we have identified 250 further locations where we believe we can take Travelodge over the years ahead.

“We expect to further extend our national network and also to add more rooms in London, where with average hotel prices currently at almost twice the level of the UK regions, customers are crying out for more good quality, low-cost places to stay.”

The 15 Travelodge hotels expected to open in 2017 are:

London Brent Cross
London Bromley Shopping Centre
London Romford Quadrant (Shopping Centre)
London Wood Green Shopping Centre
London Harrow
Bath (Westgate)
Dudley
Inverness
Newcastle (Swing Bridge)
Peterhead
Redhill
Stirling
Thurrock (Lakeside Shopping Centre)
West Bromwich
York (Layerthorpe)

Travelodge has a list of approved main contractors which also includes Barnes Construction, Boss (D&B), Marshall, Bowmer & Kirkland, John Sisk, Carter Lauren, HJ Martin and Speller Metcalfe.

Latest news

Winners revealed for £5.4bn electricity grid upgrade

SP Energy Networks unveils 19 winners - full list
2 days ago

Malaysian property giant to buy 50% stake in JRL

IJM Land to buy into diversified £800m turnover south east contractor
2 days ago

Fast-track skills hubs to train 5,000 extra apprentices

Plan for network of 32 skills hubs to rain construction apprentices in half the time
2 days ago

Luxury house builder files administration notice

£31m turnover Octagon Developments Ltd lodges court notice
2 days ago

Morgan Sindall takes on £22m stalled ISG Cardiff school job

Workplan is being drawn up ahead of restart on Penarth school
2 days ago

Walker Modular wins bathroom pod deal on student tower

Sealant-free construction method helps supplier dominate student market
2 days ago

Over £600m awarded for decarbonisation projects – full lists

Over 240 public building energy upgrade projects secure cash
3 days ago

Enabling works to start on £130m Huyton town centre regen

Phase one includes a new council HQ, hotel and 72 flats
3 days ago

Ridge buys rival consultant Jubb

Acquisition will see 100 new staff join Ridge
3 days ago

Grainger build to rent pipeline rises to £1.4bn

Rental specialist buys sites in Sheffield and Cardiff to build 600 rental homes
3 days ago

Kier wins Cambridgeshire County council estate upkeep

Firm will provide building and M&E services to 106 buildings across the county
3 days ago

Louvres and solar shading specialist files for administration

Hampshire based ALPS lodges court notice after 25 years in business
3 days ago

Speedy Hire posts a loss in latest results

Hire giant confident of better performance in next six months
3 days ago

Esh to lead next phase of Riverside Sunderland regeneration

Infrastructure work will allow further development of Sheepfolds area
3 days ago

Green light for £1.3bn Edinburgh coastal town revamp

First phase of Granton Waterfront scheme will see Cruden Homes create a new community
4 days ago

Vistry chief operating officer steps down

Earl Sibley exits as his COO role axed for more direct reporting to CEO
4 days ago

House builder Camstead goes into administration

Work stopped on three current sites
5 days ago

Death of piling legend Roger Bullivant

Industry innovator dies after long illness aged 85
4 days ago

ESS Modular went down owing suppliers £7m

Modular specialist owned by ISG owner Cathexis
4 days ago

Builders back farmers in inheritance tax protest

"A rethink is desperately needed" say National Federation of Builders
4 days ago

Willmott Dixon wins £36m leisure centre upgrade

Work to start on historic Westminster 1930s Grade II listed Seymour Centre
4 days ago

Graham wins £100m Cardiff Crossrail phase 1

Work on route to Cardiff Bay to start before end of next year
5 days ago

Laing O’Rourke appoints new European MD

Peter Lyons to take-up new role in February
6 days ago

Profits dip at Stepnell ahead of demerger

Turnover and secured workloads up ahead of restructure
6 days ago

HS2 green bridge deck takes shape

100m-wide wildlife bridge to carry hedgerows and country lane over HS2
5 days ago

1,000-home Wolverhampton city centre scheme in for planning

ECF and council advance City Centre West build to rent scheme
6 days ago

Sisk clinches £54m North London council HQ revamp

Haringey's iconic Grade II listed civic centre to be brought back into use
6 days ago

Ofgem approves £2.5bn Eastern Green Link 1

Work to start next Spring on cable project from Scotland to the north of England
6 days ago

Anglian Water hunts for £1bn delivery partner

Programme delivery partner wil integrate with client team over 15-year plan
6 days ago

Hadden collapse costs supply chain £6.7m

"Highly unlikely" subcontractors will receive anything for their unpaid invoices
6 days ago

Contractor services