Travelodge has at the moment introduced that it has accomplished the acquisition of a resort in Barcelona – the sixth and remaining resort acquired as a part of the beforehand reported deal agreed with Louvre Lodges Group earlier this yr.  

Travelodge Barcelona Cornella Fira is a 138-room resort that Travelodge will function on a long-leasehold foundation. The 5 different inns on this deal situated in Alicante, Barcelona, Madrid, Malaga and Murcia have been acquired on a freehold foundation and accomplished in April. The acquisition builds on Travelodge’s current strongly performing Spanish enterprise, bringing its presence within the Spanish market to 12 inns. 

Jo Boydell, CEO of Travelodge, says: “Spain is a crucial marketplace for us, we’ve got been progressing our thrilling development plans, doubling our presence there this yr with this acquisition, and in addition signing three additional new construct lease agreements. 

“We’re happy to announce the completion of Travelodge Barcelona Cornella Fira, which shall be our fourth resort in Barcelona and we sit up for welcoming our new colleagues to the Travelodge group. 

“We have now formidable plans to develop our resort community additional over the subsequent few years, offering nice worth selections to enterprise and leisure travellers throughout Spain.”    

In October, Travelodge introduced it had agreed offers for 3 new inns in Spain situated in San Sebastian, Cadiz and Alicante. All three are new constructions, with work resulting from start in 2025. The addition of those three inns, as soon as open, will carry its Spanish property to fifteen inns. 

Travelodge has almost 4 a long time of experience in working finances inns, resulting from its distinguished presence within the UK. To assist capitalise on its Spanish development alternative, the group recognized preliminary goal markets for the event group to hunt alternatives – areas that presently have a scarcity of excellent high quality, financial system branded lodging. Goal markets now embrace: Barcelona, Madrid, Valencia, Alicante, Bilbao, Málaga, Palma Mallorca, San Sebastián, Seville, Benidorm, Córdoba, Gerona, Granada, Las Palmas De Gran Canaria, Santiago de Compostela,  Santander, Tarragona, Valladolid and Zaragoza.