Travelodge Completes Acquisition of Remaining Spanish Resort from Deal Agreed with Louvre Lodges Group

Travelodge has at this time introduced that it has accomplished the acquisition of a lodge in Barcelona – the sixth and ultimate lodge acquired as a part of the beforehand reported deal agreed with Louvre Lodges Group earlier this 12 months.  

Travelodge Barcelona Cornella Fira is a 138-room lodge that Travelodge will function on a long-leasehold foundation. The 5 different resorts on this deal situated in Alicante, Barcelona, Madrid, Malaga and Murcia have been acquired on a freehold foundation and accomplished in April. The acquisition builds on Travelodge’s current strongly performing Spanish enterprise, bringing its presence within the Spanish market to 12 resorts. 

Jo Boydell, CEO of Travelodge, says: “Spain is a crucial marketplace for us, we have now been progressing our thrilling development plans, doubling our presence there this 12 months with this acquisition, and likewise signing three additional new construct lease agreements. 

“We’re happy to announce the completion of Travelodge Barcelona Cornella Fira, which will likely be our fourth lodge in Barcelona and we look ahead to welcoming our new colleagues to the Travelodge crew. 

“We have now formidable plans to develop our lodge community additional over the following few years, offering nice worth selections to enterprise and leisure travellers throughout Spain.”    

In October, Travelodge introduced it had agreed offers for 3 new resorts in Spain situated in San Sebastian, Cadiz and Alicante. All three are new constructions, with work on account of start in 2025. The addition of those three resorts, as soon as open, will convey its Spanish property to fifteen resorts. 

Travelodge has practically 4 a long time of experience in working finances resorts, on account of its outstanding presence within the UK. To assist capitalise on its Spanish development alternative, the group recognized preliminary goal markets for the event crew to hunt alternatives – areas that at the moment have a scarcity of fine high quality, financial system branded lodging. Goal markets now embrace: Barcelona, Madrid, Valencia, Alicante, Bilbao, Málaga, Palma Mallorca, San Sebastián, Seville, Benidorm, Córdoba, Gerona, Granada, Las Palmas De Gran Canaria, Santiago de Compostela,  Santander, Tarragona, Valladolid and Zaragoza.