Travelodge agrees deal to cut debts, confirming plans to offload 49 hotels
On 17 August 2012, BigHospitality.co.uk reported:
"Travelodge agrees deal to cut debts, confirming plans to offload 49 hotels"
Budget hotel chain Travelodge has agreed a £635m debt restructuring deal, giving lenders control of the business and selling off 49 of its properties to other operators.
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