UK hotel brand Travelodge has announced plans to invest £100m to open 15 new properties in 2015 across the country.
The new hotels include four in London, a new central Glasgow property, as well as key regional locations that include the Thames Valley tech corridor, Southampton and Bristol.
Go deeper with GlobalData
The company will have a portfolio of 510 hotels and 37,906 rooms in the UK, with the opening of new properties.
According to Travelodge, the expansion is expected to create 400 new jobs, comprising 350 positions in the new hotels and 50 support roles.
In addition, the new hotels are expected to support the creation of a further 3,000 new jobs, with the company having also identified potential for more than 150 further hotels across the country.
See Also:
As part of its long-term expansion plans, Travelodge signed the first three hotels, and new properties at London Dagenham, Dover and Peterhead, Aberdeenshire, involving an investment of £13m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataTravelodge chief executive Peter Gowers said: "We are well underway with our plans to build new Travelodge.
"We’re investing more than £100m in modernising our hotels for our customers and we now have 87% of guest rooms upgraded to our new look. In 2015, we are opening 15 new hotels, creating 400 new jobs and extending our network still further."
Image: Travelodge chief executive Peter Gowers. Photo: courtesy of Travelodge.
