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.
-
Economy2 months ago
Is Gold a Good Investment in 2025? A Deep Dive into the Precious Metal’s Future
-
OER Magazines1 month ago
OER, March 2025
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, March 2025
-
News2 months ago
Nothing Phone 3a and 3a Pro launches in the Middle East
-
News4 weeks ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
News4 weeks ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
Automotive4 weeks ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Omantel Partners with TeKnowledge to Enhance Employee Skills in AI & Data Science