Travelodge unveils £70m expansion plan

Budget hotel chain Travelodge continued its expansion today by announcing the addition of seven new sites to its portfolio in a £70m (€88.4m) investment.

The move, which will add 669 rooms through the acquisition of two Swallow hotels and conversion of five other hotels, comes as firms such as Travelodge and Premier Inn look to cash in on growing demand for cheaper accommodation.