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.
-
Dossier2 months agoDossier, 2026
-
OER Magazines1 month agoOER, February 26
-
Banking & Finance2 months agoSohar International and Sohar Islamic Supports Over 100 Families in Al Wusta Governorate Through Its ‘Sohar Al Attaa’ Initiative
-
Banking & Finance2 months agoNational Finance Unveils Exclusive Ramadan Offers on Auto Financing
-
Economy1 month agoMiddle East Tensions Heighten Risks to Strait of Hormuz, Raising Uncertainty for Global Oil Markets
-
Economy2 months agoAnalysis: Oman-India CEPA Opens Path to Deeper Trade Investment and Growth
-
Economy2 months agoANALYSIS: Oil Near Seven-Month Highs Amid US, Iran Tensions
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, February 26
