Travelodge, the UK’s first funds resort model, which operates over 600 resorts throughout the UK, Eire and Spain, has agreed to amass the previous Ibis resort at The Bromley Mall in Bromley city centre, South East London.
Travelodge has agreed a 25-year lease with the constructing proprietor and can start refitting the 59-room resort this month, with a goal of opening the resort for enterprise by Easter 2025.
Steve Bennett, Chief Property and Growth Officer, feedback: “Travelodge is delighted to proceed the growth of our community of resorts all through London. We have entered right into a 25-year lease to function this new resort in Bromley, which we’re sure will likely be a incredible addition to our portfolio.
“While we already function 82 Travelodge resorts in London, most of the London Boroughs have only a few branded funds resorts and there are many areas with excessive demand for excellent worth, good high quality lodging. So, London stays a key focus for our UK growth crew and we’re actively in search of appropriate resort alternatives throughout the capital, with over 100 areas on our London goal requirement record.
“We’re open to a spread of growth varieties, corresponding to workplace conversions, acquisitions of going considerations and ahead funded new developments, and are eager to discover all accessible alternatives.”
Travelodge already operates 82 resorts and over 10,000 rooms within the London Boroughs and the chain continues to broaden throughout the Capital. Travelodge not too long ago acquired an workplace constructing in St Paul’s, for conversion right into a 95-room resort topic to planning permission, within the Group’s first freehold acquisition for conversion, and has additionally not too long ago exchanged contracts to open a brand new resort in Upminster, London, with development having began to remodel a city centre web site into a brand new, 82-room resort.
As well as, there are an additional three Travelodge resorts underneath development in London, at Beckenham, Chiswick and Stratford. The Group is actively in search of additional growth alternatives inside the M25, starting from workplace conversions and new construct developments to going considerations and Native Authority offers.
