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Budget hotel chain Travelodge has written to 124 local councils to suggest working in partnership to develop new properties in the UK.
Travelodge has already completed co-partnership deals with councils in the towns of Aylesbury and Eastleigh which has led to the development of new hotels - both of which are now open.
The projects were developed with the respective councils borrowing money from central Government at a fixed low interest rate to allow them to redevelop council-owned land including the building of a Travelodge property.
Now Travelodge wants to encourage other UK councils to participate in similar developments.
Paul Harvey, Travelodge’s managing director for property, said: “We are the first UK budget hotel brand to work with local councils on co-partnership developments.
“The deals we have done so far have provided a great investment opportunity for both parties and as a result of this innovative calibration, we have today written to 124 other local authorities across England and Wales to see if we can work with them on a similar scheme."
“Both Eastleigh and Aylesbury Vale are forward-thinking, innovative and enterprising local authorities. Both councils have recognised the opportunity to add new facilities into their towns whilst making a good return on their investment.”
The company said it was in “advanced negotiations” with five other councils in the UK for similar development deals.
Travelodge’s Aylesbury 81-room property opened last week as party of a £18 million development which also includes a supermarket and multi-storey car park. The council benefits from the rent paid by Travelodge and the other tenants at the site.
The Eastleigh hotel in the centre of the Hampshire town also opened earlier this year.