Travelodge UK
 |
|
| Private limited company | |
| Industry | Hospitality |
| Founded | 1985 |
| Headquarters | Thame, England, UK |
|
Number of locations
|
over 500 hotels in UK 11 hotels in Ireland 5 hotels in Spain |
|
Area served
|
United Kingdom Republic of Ireland Spain |
|
Key people
|
Keith Hamill (Chairman) Peter Gowers(CEO) |
| Products | Hotels |
| Revenue |
 £331.7m (2010) |
|
£153.5m (EBITDAR) £48.5m (EBITDA) (2010) |
|
| Profit |
£27.0m (2010) |
| Total assets |
£888.4m (net) (2010) |
| Owner | GoldenTree Asset Management, Avenue Capital Group and Goldman Sachs |
|
Number of employees
|
6,000 (full and part-time) (2011) |
| Parent | Endell Group Holdings Ltd (ultimate parent company) |
| Website | www |
Travelodge Hotels Limited is a private company operating in the hotels and hospitality industry throughout the United Kingdom. Branded simply as Travelodge, it is the second largest in the budget hotel sector (behind Premier Inn) and third biggest hotel chain in the UK by number of bedrooms (32,600 at the end of 2010).
Travelodge Hotels Ltd is under separate ownership from the Travelodge chain of the United States.
In the 1980s, Lord Forte bought the US Travelodge brand and established it in Britain. He attached them to many of his Little Chefs as Little Lodge before later rebranding them as Travelodges.
Travelodge was formerly a division of Forte Hotels, and was known as Forte Travelodge. Since then, it has become a company in its own right and has over four hundred Travelodge hotels, mainly located beside motorways and major roads, although more and more hotels are being opened in city centres. The first hotel was opened in 1985 at Barton-under-Needwood on the A38 near Lichfield, Staffordshire.
In 1995, it was bought by Granada, when the Forte Group (formerly Trusthouse Forte) underwent a very unharmonious hostile takeover. In 2001, when Granada de-merged (creating Moto), it became owned by Compass Group. In 2003, it was acquired by Permira under the name of TLLC Group Holdings Ltd (113 Little Chefs, owned by TLLC, were nextdoor to Travelodges), moving its headquarters from Toddington in Bedfordshire to Thame in Oxfordshire in June 2003.
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Wikipedia