Travelodge has formally opened the former 159-room Ramada Encore in Milton Keynes. The hotel is known as Travelodge Milton Keynes at The Hub.
A private investor sold their freehold interest at a NIY of 5.74% to a pension fund client of LaSalle Investment Management and Travelodge has taken a 25 year lease to operate the hotel.
The landlord has invested £1.2 million to modernise the hotel in line with Travelodge’s new contemporary brand design and the hotel remained open throughout the modernisation process.
To celebrate the opening of the hotel, Travelodge gifted Milton Keynes with a new set of cows. The new cows – two adults and a calf – have had a special outdoor room built for them.