Goldman Sachs and Goldentree to buy 144 U.K. hotels leased to Travelodge

Goldman Sachs Group (GS), Goldentree Asset Management and Avenue Capital Group, which acquired Travelodge Hotels in a debt restructuring in 2012, agreed to buy 144 U.K. hotels leased to the company.

The hotels are owned by Lloyds Banking Group (LLOY), Prestbury Investment Holdings, West Coast Capital and Aldersgate Investments, and are located in London and southeast England. The deal is valued at approximately $830 million.

A group of creditors comprising Goldman Sachs, Avenue Capital and GoldenTree took ownership of Travelodge in 2012 from Dubai International Capital in a debt-for-equity swap.

Virtual Event


Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

The budget-hotel chain, based in Thame, England, operates 500 hotels and 38,000 rooms in the U.K., Ireland and Spain, according to its website.

Suggested Articles

The company's main markets are still substantially affected by the measures rolled out to combat the COVID-19 health crisis.

Revenue per available room and occupancy increased over Q2, but uncertainty around the industry’s recovery remains.

The integration aims to provide hoteliers with seamless and complete visibility over group, catering and event sales performance activity.