Skift Take
We should take this deal talk with a grain of salt until there's a term sheet. That said, the budget hotel sector in the UK has boomed post-pandemic, boosting the financial performance of privately held Travelodge.
Travelodge, a UK-based budget hotel operator, could change ownership in a potentially billion-plus-dollar deal that would cash in on surging hotel bookings after the pandemic, according to two media reports Saturday.
U.S. hedge fund GoldenTree Asset Management, which has control of Travelodge,