US hedge fund seeks to profit from post-pandemic surge in demand for budget hotel chain Travelodge is to be put up for sale with a price tag of more than £1bn as the owner of the budget hotel chain seeks to cash in on a post-pandemic boom in demand. GoldenTree, the US hedge fund that took over Travelodge in 2012, has held meetings with investment banks to explore a potential sale of the chain of 595 hotels.
Travelodge to be put up for sale by GoldenTree with £1.2bn price tag
The Guardian - 11 Jun 2023 13:01
US hedge fund seeks to profit from post-pandemic surge in demand for budget hotel chain Travelodge is to be put up for sale with a price tag of more than £1bn as the owner of the budget hotel chain seeks to cash in on a post-pandemic boom in demand. GoldenTree, the US hedge fund that took over Travelodge in 2012, has held meetings with investment banks to explore a potential sale of the chain of 595 hotels.
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