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UK Pub Sales News: Travelodge to target former pubs for sale
Budget hotel chain Travelodge will be seeking former pubs for sale in order to expand its operations by 100 new small hotels.
The company unveiled plans to develop Metro accommodation, which would see smaller sites containing between 20 and 40 rooms each being launched in prime locations.
Office space in London is one area Travelodge is looking to develop into hotels, along with old pubs, derelict cinemas and theatres, disused business parks and retail outlets.
Guy Parsons, chief executive of the chain, commented that a pilot scheme in Edinburgh showed how successful the Metro model could be.
"Downsizing our hotel building requirements will open hundreds of development opportunities for us. This will enable us to expand quickly and meet the growing demands from consumers who want low cost and good quality accommodation in prime locations," he added.
Meanwhile, Travelodge has also announced plans to link up with pub companies, including Greene King, Mitchells & Butlers and JD Wetherspoon, as part of a £100 million expansion project.
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