Bulletin

Councils in deals with Travelodge

Hotel bell

Travelodge has agreed development deals with three local authorities to build hotels on surplus council land. The plans will see £11.5m spent on hotel developments at Bicester, Thetford and Surrey. The plans will be partly financed by councils' own funds or by the Public Loans Board – a source of central government cash that councils can access. Local authorities will have the option to retain ownership and earn rent from Travelodge, which will operate the hotels. Alternatively councils could sell the properties to Travelodge, for an immediate profit on their investment. Travelodge is writing to all local authorities across Britain in an effort to set up similar schemes.

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
Cardiff-based Forward Waste Management

Money will support the company, which serves the manufacturing sector, with Welsh and West Midland growth plans.

Bulletin

Where Next?