Travelodge To Invest £100 Million And Create 1,000 Jobs In 2014
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 key city centre locations in Glasgow, Manchester and Southampton; in new seaside destinations including Southport, Christchurch, Llandudno and Ryde on the Isle of Wight; and in the spa town of Harrogate.
Each new hotel will continue the roll-out of the chain's new-look rooms, designed by customers with more contemporary styling, and the signature Travelodge Dreamer bed.
These 15 new properties will boost the Travelodge estate to 514 hotels and more than 39,000 rooms. In addition to the 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 £37 million.
Taken together, the new hotel openings, modernisation programme and ongoing business development, this will lead to the recruitment of 1,000 people across a range of jobs, including hotel management roles, reception, restaurant and customer service teams and guest room cleaners.
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.
As result of our ongoing trading and expansion we'll be recruiting 1,000 people this year, offering a further boost for local economies and creating more opportunities for career development in the growing hospitality industry."
In 1985, Travelodge opened the UK’s first budget (value) hotel on the A38, in Barton-under-Needwood. Today, it is the UK’s largest independent hotel chain and has hotels in all major UK cities, towns, airports and holiday locations. The company operates 543 hotels in total - across the UK (526), Ireland (12) and Spain (5) as of 9th February 2017.Travelodge is owned by GoldenTree Asset Management, Avenue Capital Group and Goldman Sachs. Travelodge is on a journey to become Britain’s favourite hotel for value. In December 2015, the company successfully completed its £100 million nationwide hotel modernisation programme - showcasing the company’s new contemporary brand look and a new improved room design. The programme was completed in just 34 months by Travelodge’s in-house, 200-strong maintenance team.