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Resort Campanile Alicante
Travelodge right this moment publicizes that it’s buying six motels, totalling 773 rooms, in Spain from Louvre Accommodations Group.
The motels are at the moment branded Resort Campanile, with 5 acquired on a freehold foundation and one to be acquired on an extended leasehold. The motels are acquired by Spanish subsidiaries held throughout the Travelodge OpCo Group and are positioned in Alicante, Barcelona, Madrid, Malaga and Murcia. The acquisition builds on Travelodge’s current strongly performing six lodge Spanish enterprise, doubling its presence within the Spanish market.
Jo Boydell, CEO of Travelodge, says: ‘Spain is a crucial marketplace for us, with a longtime presence of six motels and an skilled native administration crew. We recognise there are vital ongoing alternatives for our enterprise, with the potential to supply good worth and high quality lodging in lots of extra areas throughout the nation. Final 12 months we recognized the highest 20 key markets to open a brand new lodge in Spain, the place there’s at the moment a scarcity of excellent high quality, low price, branded lodging to fulfill the wants of enterprise and leisure friends.
We’re excited to announce the acquisition of those properties from Louvre Accommodations Group as a part of our Spanish growth technique. This doubles our presence in Spain and provides us the perfect base to construct our model even additional. We look ahead to working with our new colleagues, and rising our lodge community additional, offering additional alternative and nice worth to enterprise and leisure travellers throughout Spain.”
In January 2024, a newly fashioned property holding group, Travelodge PropCo Group, was created to buy 66 freehold and lengthy leasehold belongings within the UK, held by T&L Holdco Restricted. T&L Holdco Restricted can be the direct father or mother of Thame and London Restricted, the highest firm within the Travelodge OpCo Group.
