Travelodge has announced that it has agreed a financial restructuring, designed to secure the long-term future of the business. This will be undertaken in conjunction with a Company Voluntary Arrangement (CVA), which will reduce levels of rent at certain sites. Under the terms of the proposed CVA, the majority of hotels (347 hotels, 70% of the estate) will be untouched; 109 … [Read more...]

George Demetriou, the man who has built up the successful Cedar Court Hotels business, is retiring from the day to day management of the group he founded more than 50 years ago when he arrived in England from Cyrpus in 1957 aged 19 - to work at a friend's coffee bar in Halifax. Since then, he has built up Yorkshire’s largest independent hotel chain of five hotels, including … [Read more...]

Westminster City Council has approved plans by Criterion Capital to transform the Trocadero Centre at London’s Piccadilly Circus into a hotel with around 500 bedrooms on seven floors, above shops on the ground floor, and residential flats on the first and mezzanine levels. The plans include a new rooftop bar on the top (ninth) floor. Most of the hotel rooms will be from 9 … [Read more...]

Travelodge has opened its 513th hotel at the UK’s largest fashion designer shopping outlet: Cheshire Oaks in Ellesmere Port. The opening marks the first UK launch of a designer outlet hotel – and offers shopaholics an affordable reason to shop until they drop! The new 77-room hotel, which opened on 2 August, is just a stone’s throw from more than 140 of the UK’s top designer … [Read more...]

IKEA – the well known and popular furniture retailer – is widely reported to be planning its own chain of as many as 100 budget hotels across Europe, picking up on the demand for economic but ‘stylish’ hotel accommodation that citizenM, Motel One and others have already identified. This demand has been driven by a combination of reasons, including price-consciousness … [Read more...]