Skift Take

Travelodge now has a shot at turning around its business, but the chain's landlords are concerned about the company's additional plans to find new operators for almost a tenth of its hotels.

Hotel chain Travelodge has agreed a deal to cut its debts substantially, which it says will secure the long-term future of the business. Some £235m of bank debt will be written off, helping to cut the total to £329m.

Subscribe to Skift Pro

Subscribe to Skift Pro to get unlimited access to stories like these ($30/month)

Subscribe Now

Tags: budget, hotels, uk