Travelodge has announced it wants to open three more hotels in Nottinghamshire as part of a multi-million pound investment which could create 75 jobs. Travelodge, which already operates ten hotels across the county, is hoping to open a further three - in Nottingham city centre, in the Trent Bridge area, and in Mansfield.
The business has written to Nottingham City Council, Nottinghamshire County Council and Mansfield District Council about its proposals, which it states can act as a "catalyst to stimulate regeneration and facilitate further growth". Travelodge currently operates almost 600 hotels in the UK and plans to open a further 300 across the country.
Steve Bennett, Travelodge chief property and development officer, said: "In the current climate, local authorities are under extreme pressure to invest in their economy and support regeneration projects. This is why we have written to three local authorities across Nottinghamshire to offer our support as we have a requirement to nearly double our Nottinghamshire portfolio with a further three Travelodge hotels across the region.
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"Our target locations include Nottingham, Trent Bridge and Mansfield. This expansion programme could represent a multi-million investment for third party investors and create 75 new jobs.
"In addition, our research shows that, on average, Travelodge customers will spend at least double their room rate with local businesses during their stay. This can be an annual, multi-million pound boost into each local economy."
He added: "We have a proven track record of working with 25 forward-thinking local authorities across the UK from Ashford to Stirling. Our effective, innovative co-partnership development deals are spearheading regional economic growth and providing a solid long-term revenue stream.
"Britain is now a nation of budget travellers, with more of us choosing to stay in budget hotels than any other hotel type and this trend is set to grow, which is why we are looking to expand our UK hotel network with a further 300 hotels. Adding a Travelodge hotel can be a catalyst to attract new businesses to support regeneration, bring vacant buildings back into economic use as well as attracting thousands of new overnight visitors to the area and revitalising high streets."
A Travelodge spokesperson said: "In 2022, Travelodge opened six new hotels, three of which were local authority partnerships. These bespoke agreements have had unique funding structures, all of which have enabled local authorities to utilise their existing assets, create jobs, generate income and help to regenerate brownfield land in strategically important locations.
"Some of the new Travelodge hotels in this programme have been built on surplus local authority land, with the funding provided either through the local authority's internal resource or via low-cost funding from the Public Works Loan Board or third party resources. Upon completion of the hotel development, local authorities have the choice of either retaining ownership of the hotel and receiving an annual rent into the council's revenue budget or selling the hotel with Travelodge as its operator."
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