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

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?