Travelodge getting back on its feet after successful, short bankruptcy period


Skift Take

Travelodge has spent the last few years building audience loyalty despite the loss of revenue. Now the chain needs to deliver.

Travelodge Ltd., a U.K. budget hotel chain, completed a financial restructuring halving its debt and giving lenders stakes in the business. Investors including Avenue Capital Group LLC, GoldenTree Asset Management LP, and Goldman Sachs Group Inc. have injected 75 mil