Travelodge creditors approve Company Voluntary Arrangement
4th Sep 2012
Travelodge (the Company), the UK’s leading budget hotel company, is pleased to announce today that the Company Voluntary Arrangement (CVA) it launched on the 17th August 2012 has been approved.
97% of Travelodge creditors, including 96% of landlords from all three categories, voted in favour of the arrangement, in excess of the 75% required for the CVA to be approved.
– ENDS –
For more information, please contact:
James Leviton / Clare Dundas
020 7251 3801
Shakila Ahmed, Director of Communications
The first budget hotel brand to launch in the UK in 1985, Over 13 million people stayed with Travelodge last year and 90% of reservations are currently made online at www.travelodge.co.uk, where room rates start at £19 per night.