Travelodge brand sold in Asia Pacific
Singapore investment group ICP has bought the Asia Pacific rights to the Travelodge hotel chain from Mirvac and motoring organisation NRMA for $3 million.
The brand will be rolled out in up to 22 Asia-Pacific countries.
The agreement excludes 17 Travelodge hotels and serviced apartments in Australia and New Zealand.
ICP, which specialises in manufacturing, ship chartering, trading and investment, said it regarded the acquisition as an opportunity to gain access to an established international midscale hotel brand.
The Travelodge brand is separately owned in Britain and Europe.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025