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By Emily Liddell @em_liddell Reporter. It is owned by Luxembourg-based Anchor Holdings and its investors include US funds GoldenTree and Avenue Capital, as well as Goldman Sachs. Capitol riots: Who has the FBI arrested so far? UK hotel group Travelodge is owned by Anchor Holdings based in Luxembourg, major investors are US investment banks and offshore hedge funds. A builder who used a digger to destroy the entrance of a Travelodge hotel in Liverpool over a pay dispute…. Travelodge chief executive Peter Gowers to step down. Read about our approach to external linking. Travelodge announce Black Friday deals with savings of up to 30% ... Neil Bennett. Travelodge Owners Action Group is now pointing at £129m of earnings in 2019 for Travelodge, and accusing them of paying the UK government no tax on profits between 2012-17. The new Travelodge, off St Peters' Way in Mansfield town centre. SuperRooms™ Our SuperRooms™ offer all the features of our standard rooms, with added comforts. Posted 1 h hour ago Tue Tuesday 25 Aug August 2020 at 8:17am, updated 16 m minutes ago Tue Tuesday 25 Aug August 2020 at 9:28am Police found the Travelodge … Travelodge, whose backers include Goldman Sachs, has refused to pay rent in the three months to end-March. Check out current Travelodge': news stories and find out what happened, what is going on with Travelodge':. Travelodge to reopen a further 100 hotels this week. In an update to customers on Travelodge's dedicated coronavirus help page on Monday, November 2, the hotel firm said: "Further to the Government announcement imposing new national restrictions in England from Thursday 5th November we are working through the detailed information and will be in contact with all customers with affected bookings. Viv Watts, managing partner of Oasis Holding and who owns two Travelodge properties, set up the Travelodge Owners Action Group after Travelodge announced its desire for a second CVA in early 2020. The new hotel openings by Travelodge will increase company’s portfolio to 595 hotels in the UK, Ireland and Spain. 1 / 1. NewsNow aims to be the world's most accurate and comprehensive aggregator of Travelodge news, covering the latest on the independent hotel brand from the best online news publications. At least 10 councils are part of his group. Bizarre customer requests at Travelodge 2020 Travelodge (Press Release) 02:44 25-Dec-20. Just last month, Travelodge hit the news for looking at a CVA again. Travelodge proposes new deal to end landlord row - BBC News "They need that income," he said. "They are pushing this agenda of discounts in 2021 when they have no basis for doing that.". Travelodge has confirmed that its Lancaster Central site will be shutting down its premises permanently. A set of false teeth, a magician's hat and a life-size cardboard of Sean Connery were among the "bizarre left behinds" at Travelodge's hotels in 2020. Oil and gas extraction will be paused and wind energy will expand under Joe Biden's climate plan. Items left in Southampton Travelodge rooms throughout 2020. He says his group questions why rents should be cut for next year when no-one can say whether UK travel will have picked up by then. Travelodge Protect+ Our number one priority is the safety and security of our customers and teams. Travelodge News. 1 comment. Home; News; Travelodge chief executive Peter Gowers to step down; share . Premier Inn and Travelodge have revealed where they plan to open new hotels across in the UK in the coming months. Show caption 1 / 1. Many of his group's members are also pension funds and local authorities, he said. However, the company is not planning hotel closures, and has said it will start paying full rent again from the end of next year. Founded in 1985, Travelodge has 589 hotels, most in the United Kingdom, and underwent its first CVA in 2013 after the Great Recession. Posted at 15:17 3 Jun 2020 15:17 3 Jun 2020 Travelodge proposes new deal to end landlord row The company says temporary rent cuts and new investment will protect thousands of jobs. Hotel Owner is the premier B2B digital and print magazine in the UK, keeping you informed on all things in the hotel industry. Travelodge has opened two new hotels in London, boosting its portfolio of hotels in the capital to 77. Live Travelodge': news and developments with the latest updates. A Travelodge sign. Read the latest news, stories and developments with Travelodge Hotels here at Hotel Owner. Most are getting more than 50% of what they are owed, but for 37 lossmaking hotels they are paying no rent. By Oliver Gill 3 June 2020 • 12:01am Travelodge will launch a radical overhaul of its business on Wednesday in a bid to force landlords to swallow rent cuts of more than £140m. Britons are opting for ‘minications’ in the UK, taking more frequent and shorter breaks this year, according to new research…, Travelodge has revealed it is accelerating its hotel reopening programme by reopening a further 100 hotels this week and will…, Property tycoon Nick Leslau’s Secure Income has revealed it has begun to take action against Travelodge owner Goldman Sachs after…. view more headlines. See photos images. Travelodge is arguing that it will lose £350m in sales due to the lockdown and that 10,000 jobs are at stake. The borrowing capacity has been increased to £100m, compared to the £60m initial amount. 19 Jan 15:36. Budget hotel chain, Travelodge, has opened its first hotel in Rochester marking the second of its three hotels opening in…. Shareholders have pledged to inject up to £40m in new equity into the business, and to raise £100m in new debt as part of a turnaround plan. A Spelthorne council housing worker tweeted: “Travelodge gave us four hours’ notice to find alternative accommodation for our … All Covid-19 News can be seen here. Video. The company's owners will use Travelodge's £100m of reserves, £100m in new borrowings and £40m in fresh cash to prop up the firm. Who's behind the recent killings in Iraq? TravelodgeProtect+ is our programme of cleaning and social distancing measures to keep everyone safe. 12:02, 20 NOV 2020; What's On. Budget hotel business Travelodge is to propose a new restructuring plan that it hopes will end a row with landlords and protect thousands of jobs. "We've come to them with a very fair and logical proposal," Mr Watts said. Once the CVA offer has been published he will consult with his group, he said. March 24, 2020. But landlords will only receive a fraction of the rent they are owed until the end of 2021. CBILS – Why it’s important to the hospitality sector and how it could help you, Cotswolds B&B named ‘best in Europe’ in TripAdvisor Travellers’ Choice Awards, 800-year-old New Hall Hotel named hotel of the year, Fire at Cameron House hotel leaves three hospitalised and two dead, Hospitality named as the UK’s ‘most sleep deprived profession’, Cadbury House hotel celebrates 10th anniversary, Park Plaza Black Friday advert ‘misleading’, Starboard acquires two Holiday Inn hotels, Plans submitted for £70m luxury hotel in Liverpool, ‘Minications’ give UK economy £24bn boost, Travelodge to reopen a further 100 hotels this week, Leslau’s Secure Income begins action against Goldman Sachs over Travelodge rent, Travelodge opens first Sittingbourne hotel, Travelodge opens 70-bedroom hotel in Gosport, Travelodge Liverpool: Man behind digger rampage jailed for five years, Travelodge opens two new hotels in London, 100 firefighters deployed to tackle Travelodge Brentford blaze, Travelodge reveals most bizarre requests from guests in 2019, Travelodge opens its first hotel in Rochester, Hotel quarantine will wipe £548m from UK economy, says WTTC, No current plans to extend VAT cut, says finance sec, Tributes paid to Grand Jersey Hotel head concierge, The Bird welcomes new senior management team. Copyright © 2021 Mulberry Publications Ltd. All right reserved. News Siberian Husky among bizarre things left at Travelodge in 2020 By Jim Scott jimscottjourno Digital Content Editor/Reporter Travelodge has previously been vocal in its view that the new hotel will provide a £2 million "annual boost" to Mansfield's economy . We cover the entire industry, and cover the freshest, most relevant news. Budget hotel brand Travelodge has opened a new 70-bedroom hotel in Gosport, Hampshire. What's On . Hotel scheme 'will cut rough sleeping after virus', Travelodge targets parents for Brexit gap, Biden to halt new drilling on federal lands. 27 November 2020 by Katherine Price . They will be keen to see if lenders will also have to take payment cuts and how much the owners will be paid in interest from the new proposed debt. Come to them with a very fair and logical proposal, '' said Viv Watts, a of! 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