Travelodge to be put up for sale by GoldenTree with £1.2bn price tag

Travelodge reported sales of more than £900m last year, beating its pre-pandemic levels. Photograph: Kirsty O’Connor/PA

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.