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Published on Monday, February 17, 2020

Travelodge plans 20 more hotels in London over five years



Travelodge is opening two hotels in London this week and has announced plans for another 20 in the capital over five years.





The company is actively looking for opportunities in more than 100 London locations to fulfil this requirement, which will see its portfolio boosted to 589 hotels across the UK.


The two new openings are both in east London.  


London Beckton Travelodge, a 113-room hotel, is the group's first hotel in Beckton. It has been built on the  recently completed SEGRO Park Newham, a former landfill site that has not been utilised for over 40 years.

London Dagenham East Travelodge is the group's second hotel to open in Dagenham within 12 months.


The 78-room hotel offers complimentary onsite car-parking, is located close to Dagenham East underground and near to Made in Dagenham Studios, which is set to be London's largest film studio. 


With these two new hotel openings, Travelodge has opened 10 hotels in London in the last three years and created 320 new jobs.


Travelodge UK development director Tony O'Brien said: "As we look to the future, London is a world class destination for leisure and business travellers, however there still remains a desperate need for more good quality, low cost accommodation, especially across the boroughs.


"Currently the budget sector accounts for 23% of the London hotel market.


"This is well below the national average (268%) and means London has less budget hotels than other major cities such as Birmingham, Edinburgh and Manchester. Also with the average hotel price currently at almost twice the level of the UK regions, consumers are crying out for more good quality, low-cost places to stay throughout the capital.


"Therefore, to meet this growing demand we are planning to open a further 20 Travelodge hotels over the next five years across London and we are actively looking at opportunities in more than 100 London locations. 


"This expansion programme will create over 500 new jobs and could represent an investment of £350 million by third party investors."



 

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