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Press releases

TRAVELODGE EXCHANGE ON FIVE NEW SITES WORTH £18.4 MILLION

6th Mar 2008


Travelodge Exchange on five New Sites Worth 18.4 million

Travelodge, the UK's fastest growing hotel company today announced the unconditional exchange of contracts on five new hotel development sites creating 85 new jobs at an investment of 18.4million.

The first, a 60-room hotel which will sit opposite Chester's historic Roman Amphitheatre (The Exchange, St John's Street, Chester) represents a 3 million investment.

The second is a 90-room hotel situated in the quaint Devonshire seaside resort of Torquay. The 90-room hotel will be located on Newton Road and represents an investment of 3.6 million.

The third, located next to Wolverhampton Football Club is a 5 million investment and will mean converting Bankfield House, a former 1960's office block on Waterloo Road (WV1 4QL) to a 99-room Travelodge.

Fourth is a new hotel development site in Aberdeen, which will create 30 new jobs. The 120-room hotel, located on Justice Mill Lane, will represent an 4.8 million investment.

Finally the fourth site is in Lowestoft - a 47-room hotel located on Yarmouth Road which will represents an 2.3 million investment.

The five new hotels will add an extra 416 family and double rooms, priced from just 29 a night. Best deals can be found via www.travelodge.co.uk

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