Travelodge has announced plans to open 26 new hotels in London – 10 before the Olympic and Paralympic Games in 2012.
Many of the hotels – to be opened at a rate of one a month – will be located within walking distance of the Olympic venues. This includes a 188-room Travelodge hotel in Stratford – which is just minutes away from the Olympic Park and a 131-room property at London ExCeL where the boxing, fencing, weightlifting and wrestling events will take place. Rooms will be offered from £19 per night.
Guy Parsons, Travelodge chief executive, said: “With the Olympic Games fast approaching, this is a once in a lifetime opportunity for us to promote British tourism and with millions of tourists expected to visit our capital city next summer, the need for budget accommodation will be at its peak. By July 2012 we will have 54 hotels and 7,705 rooms and will remain the biggest hotelier in London.”
Meanwhile, the chain recently opened its 486th hotel, adjacent to the Bank of England. The London Bank Travelodge, a 75-room Grade ll listed property represents an investment of £7.5m and, in its first few days of trading, has already proven to be most the successful new opening in Travelodge’s 26 year history.
Gordon Innes, CEO of London and Partners, said: “This expansion that Travelodge is planning is great news for both leisure and business travellers coming to London, especially in the run up to the 2012 Olympic and Paralympic Games. London is known for its great range of accommodation and the growth of budget sector is particularly positive for visitors who are looking for value for money options in great locations when visiting the capital.”
Pictured: Travelodge chief executive Guy Parsons