Travelodge doubles Spanish footprint with six-hotel acquisition

Thame-based Travelodge has purchased six Spanish hotels totalling 773 rooms from Louvre Hotels Group.

The hotels are currently branded Hotel Campanile, with five acquired on a freehold basis and one to be acquired on a long leasehold.

They’ve been bought by Spanish subsidiaries within the Travelodge OpCo Group and are located in Alicante, Barcelona, Madrid, Malaga and Murcia.

The acquisition builds on Travelodge’s existing six-hotel Spanish business, doubling its presence in the market.

Jo Boydell, CEO of Travelodge, said: “Spain is an important market for us, with an established presence and an experienced local management team.

“We recognise there are significant ongoing opportunities for our business, with the potential to offer good value and quality accommodation in many more locations across the country.

“Last year we identified the top 20 key markets to open a new hotel in Spain, where there’s currently a shortage of good quality, low cost, branded accommodation to meet the needs of business and leisure guests.

“This acquisition doubles our presence in Spain and gives us the ideal base to build our brand even further.

“We look forward to working with our new colleagues and growing our hotel network, providing further choice and great value to business and leisure travellers across Spain.”

In January 2024, a new property holding group, Travelodge PropCo Group, was formed to purchase 66 freehold and long leasehold assets in the UK held by T&L Holdco Limited.

T&L Holdco Limited is also the direct parent of Thame and London Limited, the top company in the Travelodge OpCo Group.