CASE STUDY: Conversion from another hotel brand to a new Travelodge
Rebrand Acquisitions as Part of Travelodge’s Growth Strategy
Travelodge’s new openings programme is complemented by the selective acquisition of other brand’s existing hotels that meet its locational and branding criteria. These projects enable Travelodge to “rebrand” an existing hotel and expand its estate efficiently, without the need for planning consent and without increasing overall room supply within local markets.
Rebrand Activity in 2025
A key feature of Travelodge’s 2025 new opening programme, which saw it open 21 new hotels, was its acquisition of a portfolio of existing hotels, as part of its rebrand acquisition growth strategy, supporting the continued expansion of the Group’s freehold portfolio.
In March, Travelodge acquired the freehold and long-leasehold (effective freehold) interests in a portfolio of 9 Campanile hotels across the UK, when it exchanged contracts with Louvre Hotel Group. All of the TL teams worked together to open 8 of the hotels as new Travelodges during a 3-month period from 14th March to the 6th of May. These hotels, located in Birmingham, Bradford, Dartford, Leicester, Liverpool, Manchester, Milton Keynes, Northampton and Swindon, enabled Travelodge to secure long-term control of a number of well-located, purpose-built assets, strengthen its presence in established markets and remove competitor room stock from these markets.
Travelodge also acquired a group of Ibis hotels as part of its rebrand strategy. Freehold acquisitions included Preston, Chesterfield Town Centre and Bradford Shipley, with a leasehold acquisition in Cardiff. These hotels were acquired on consecutive days in the last week of August 2025, immediately following the expiry of Ibis’ leasehold interests.
In addition, Travelodge completed the acquisition of four Ibis franchise hotels in London Bromley Town Centre, Bromsgrove, Burton-upon-Trent Central and Glasgow Cumbernauld. All of these hotels were secured on new, 25-year leases and have since been converted and reopened under the Travelodge brand.
2025 saw our largest opening programme since 2012 and it was underpinned by the acquisition of 17 Rebrand Acquisitions, delivering 1,500 new rooms for the business and, of these, 12 hotels were secured on a freehold/long leasehold basis for our PropCo.

After Development – Travelodge Burton Upon Trent Central. Opened 2025

After Development – Travelodge London Bromley Town. Opened 2025

After Development – Travelodge Liverpool Docks. Opened 2025
Benefits of Rebrand and Going Concern Acquisitions
Rebranding existing hotels has become an increasingly important part of Travelodge’s development strategy, alongside new-build development and other-use conversions. This approach allows the business to secure well-located assets quicker than a normal acquisition project, as there is no lead time associated with securing planning approvals and the timescale for conversion to our brand standards is significantly quicker than a building conversion or a new build hotel. This means a swifter delivery of new operational hotels into the estate, with an immediate increase in revenues and EBITDA generation for the business.
These acquisitions are structured either through outright freehold purchase or by granting Travelodge a new, institutionally-acceptable long-term lease term, with 5-yearly rent reviews in line with CPI, collared and capped at 0% and 4%. This flexible approach enables Travelodge to optimise its freehold and leasehold mix, whilst retaining consistency in operational control.
Delivery and Conversion
Following acquisition, each hotel is converted to Travelodge brand standards under the oversight of Travelodge’s market-leading Construction & Refit Team.
Prior to acquisition, we carry out extensive due diligence to prepare a full scope of works for each refit project and assess whether the hotel can be safely traded through the works or should be closed for the duration of the refit. A full suite of surveys is completed and we work together with the outgoing hotel operator to migrate employees and business on the books where appropriate.
Recent examples from our 2025 openings include Manchester Central Riverside and Northampton M1, both former Campanile hotels, where conversion works were completed efficiently once the hotels had been acquired. The before and after videos for both hotels, included below, demonstrate the transformation achieved.
Alongside these videos, before and after photography for the Cardiff Gate hotel, a former Ibis acquired on a leasehold basis, further illustrates the successful conversion of an existing hotel to the Travelodge brand.
Manchester Central Riverside
Northampton M1
Cardiff Gate
Ongoing Opportunity
Rebrand acquisitions continue to form an important part of Travelodge’s UK development pipeline. The company is keen to consider opportunities involving existing, purpose-built hotels across the UK and is able to consider both freehold and leasehold transactions. Travelodge offers an experienced, market leading team with a flexible approach to deal structuring, combined with its proven track record in delivering successful projects, enables opportunities to be progressed efficiently and with a high degree of certainty.
Further Information
For further information on this transaction or any other potential rebrand or going concern opportunities across the UK, please contact our Development Managers:
John Hardy – 07767 768 949
Jeff Hocking – 07876 675 364
Nick Howard – 07825 559 787
The simple matrix below should be taken as a guide of Travelodge’s positioning on five key areas that we assess immediately in considering a potential rebrand acquisition. Whilst we encourage anyone with a potential opportunity to get in touch, this may help you in acquiring a basic understanding of what we are looking for.
Preferred
- No single rooms
- Demised on-site parking
- Double rooms have an overall size of > 15 sq.m including bathroom
- No function rooms for meeting/wedding hire
- No wet heating system
Acceptable
- Shared parking with co-user or easy options nearby
- Shower rooms are equally acceptable
- Function Rooms that are capable of conversion to additional rooms if demand calls for it or the overall location merits it at the outset.
Unacceptable
- Single bedrooms make up more than 20% of the hotel bedstock
- Zero parking options available (Unless town or city centre location)
- Over 20% of room stock is below 15 sq.m in size.
- Function Rooms that are incapable of conversion and lead to a difficult split of demise if not required by Travelodge







