Travelodge agrees rescue deal with landlords and creditors

Hotel chain Travelodge was thrown a lifeline today as landlords and creditors backed a controversial rescue deal.

Travelodge agrees rescue deal with landlords and creditors
Tue, 04 Sep, 2012 - 17:45

Hotel chain Travelodge was thrown a lifeline today as landlords and creditors backed a controversial rescue deal.

Creditors - including landlords across the UK - voted in favour of the plan that will see rent payments slashed across more than 100 hotels and 49 hotels offloaded to other operators.

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CourtsBusinessHeathrowPlace: UKPlace: PrestburyPlace: IrelandPlace: SpainPlace: USPlace: Alton TowersPerson: Nick LeslauPerson: Liz PeacePerson: LeslauOrganisation: TravelodgeOrganisation: Goldman SachsOrganisation: Avenue CapitalOrganisation: GoldenTree Asset ManagementOrganisation: Dubai International CapitalOrganisation: WhitbreadOrganisation: Premier InnOrganisation: CVAsOrganisation: British Property FederationOrganisation: BPFOrganisation: KPMGOrganisation: CVAOrganisation: Thorpe ParkOrganisation: Merlin EntertainmentOrganisation: Channel 4Organisation: Saracens Rugby Union club
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