Travel
Travelodge Landlords’ Group Seeks Detailed Information on Plan

(Bloomberg) — The Travelodge Owners Action Group, a coalition of Travelodge landlords representing more than 400 hotels, called for more information on a proposal to restructure the company.
The group is seeking “detailed clarification” on some of the terms of Travelodge’s current proposal before a June 17 deadline for an initial vote, according to an emailed statement from Viv Watts, who co-ordinates the group.
The landlords are calling for “greater transparency” as the voting deadline approaches and “urgently requesting detailed clarification on the options promised to landlords” in Travelodge’s proposal. “Without added clarification, landlords have the strength in numbers to oppose” the proposal, according to today’s statement.
The online creditors’ meeting is scheduled for June 19, with an announcement on whether the so-called CVA proposal has passed as expected on the same day, according to the action group statement. CVAs are a type of U.K. insolvency process that allows firms to cut rent without affecting financial debt if at least 75% of creditors and property owners agree.
-
OER Magazines1 month ago
OER, July 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, July 25
-
Education2 months ago
Russia offers diverse tourism and education opportunities: Sofia Malyavina
-
Digital2 months ago
Russia’s Digital Frontier: An Inside Look with Alexey Goreslavsky of IRI
-
News1 month ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
Banking & Finance2 months ago
Sohar International Partners as Main Sponsor for Refill 3, a Culinary and Cultural Festival Driving Tourism in Khareef Dhofar
-
Banking & Finance2 months ago
Tender results of Government Treasury Bills worth RO21.7 million issued
-
Energy1 month ago
SOHAR Port and Freezone Signs MoU to Develop Natural Hydrogen Value Chain in Oman