Travelodge plans £100m fund to buy hotels | timesonline.co.uk

Britain's second-biggest budget hotel operator is continuing to seek acquisitions as its weaker rivals retrench. Travelodge, Britain’s second-biggest budget hotel operator, will announce plans today to launch a £100 million fund aimed at the growing number of distressed hotels that are coming up for grabs. The move comes a day after the head of Whitbread, which owns the Premier Inn chain, warned of significant industry restructuring.