Travelodge acquires 6 hotels in Spain from Louvre Hotels Group
18 April, 2024 – Travelodge, the UK’s first budget hotel brand which operates approximately 600 hotels, today announces that it is acquiring six hotels, totalling 773 rooms, in Spain from Louvre Hotels Group.
The hotels are currently branded Hotel Campanile, with five acquired on a freehold basis and one to be acquired on a long leasehold. The hotels are acquired by Spanish subsidiaries held within the Travelodge OpCo Group and are located in Alicante, Barcelona, Madrid, Malaga and Murcia. The acquisition builds on Travelodge’s existing strongly performing six hotel Spanish business, doubling its presence in the Spanish market.
Jo Boydell, CEO of Travelodge, says: ‘Spain is an important market for us, with an established presence of six hotels and an experienced local management team. We recognise there are significant ongoing opportunities for our business, with the potential to offer good value and quality accommodation in many more locations across the country. Last year we identified the top 20 key markets to open a new hotel in Spain, where there is currently a shortage of good quality, low cost, branded accommodation to meet the needs of business and leisure guests.
We are excited to announce the acquisition of these properties from Louvre Hotels Group as part of our Spanish development strategy. This doubles our presence in Spain and gives us the ideal base to build our brand even further. We look forward to working with our new colleagues, and growing our hotel network further, providing further choice and great value to business and leisure travellers across Spain.”
In January 2024, a newly formed property holding group (“Travelodge PropCo Group”) was created to purchase 66 freehold and long leasehold assets in the UK, held by T&L Holdco Limited. T&L Holdco Limited is also the direct parent of Thame and London Limited, the top company in the Travelodge OpCo Group.
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About Travelodge
Founded in 1985, Travelodge is Britain’s very first budget hotel chain and today is one of the largest budget hotel chains in the UK, with a portfolio of nearly 600 hotels and over 46,000 bedrooms across the UK, Ireland and Spain.
Welcoming over 22 million guests annually, the majority of Travelodge hotels are located in major cities, towns and holiday hotspots as well as by airports and key business hubs. With 90% of its hotels rated 4* or above on TripAdvisor, Travelodge is proud to offer a diverse customer base a good value experience – whether travelling for business or leisure. In 2023 approximately 50% of rooms were sold for less than £60.
In 2004, Travelodge was the first UK budget hotel brand to launch in Spain when it opened its first hotel in Madrid, closely followed by its first in Barcelona. Over the following years three further hotels were opened in Barcelona, Madrid and Valencia. In October last year the sixth hotel in Spain was opened – Madrid Coslada Aeropuerto Travelodge.
Our Spanish Travelodge hotels are a great base for both business and leisure guests, offering a wide range of room types, a breakfast, lunch and dinner menu at affordable prices as well as Wifi for all guests. All hotels are also pet-friendly.