Hospitality & Leisure

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.

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