Travelodge sales grow 13pc February 20, 2011 BUDGET hotel chain Travelodge is set to report a 13 per cent sales growth for last year, with a forecast for further expansion this year. The chain will today announce like-for-like growth of six per cent, led by 11 per cent growth in London, and a total of 7.2m room sales, with 13m customers, up [...]
1,256 SAFE DAYS FOR ALL AT BP’S LONDON HQ February 1, 2011 FULL steam ahead for the BP safety train. Following The Capitalist’s story two weeks ago about how the oil giant has been beefing up ‘elf ’n’ safety procedures in stairwell use, a source has sent in this picture (see right). Yes, that’s right, a count-down (or count-up) calendar from BP’s London HQ boasting of how many “safe [...]
The budget hotel chain boss who says that bigger is certainly better January 30, 2011 NO wonder Guy Parsons, Travelodge’s boss, was feeling so chipper about life when we met earlier this month. He had just announced that very same day a £300m investment to build a further 35 hotels this year, which will expand his empire to 495 hotels with 35,841 rooms by next Christmas. Also, the key part [...]
MORE PLACES TO STAY AT TRAVELODGE January 17, 2011 Travelodge said it plans to build 35 hotels, creating 700 jobs, in the UK and Spain this year. The move will boost the budget hotel chain, led by chief executive Guy Parsons (above), to 495 hotels with 35,841 rooms. The new hotels include sites in Drury Lane and at Bank. Parsons said the chain is [...]
HEDGIES FORK OUT FOR CHARITY AS LORD ARCHER HOSTS THE AUCTION December 13, 2010 HEDGE fund philanthropists had one of their biggest galas of the year this past weekend, thanks to a fundraiser by Hedge Fund Care, a fund chaired by Robert Mirsky that makes grants to charities fighting child abuse and neglect. 400 or so of the industry’s finest donned their finest blacktie and arrived for a three-course [...]
HEDGIES FORK OUT FOR CHARITY AS LORD ARCHER HOSTS THE AUCTION December 13, 2010 HEDGE fund philanthropists had one of their biggest galas of the year this past weekend, thanks to a fundraiser by Hedge Fund Care, a fund chaired by Robert Mirsky that makes grants to charities fighting child abuse and neglect. 400 or so of the industry’s finest donned their finest blacktie and arrived for a three-course [...]
BORIS FUND BREAKFAST CLUB MEETS AT SAVOY December 7, 2010 LONDON mayor Boris Johnson played host to a star-studded launch for the corporate sponsors of the charitable Mayor’s Fund for London yesterday morning, with grandees of the City treated to an 8am poached egg and salmon breakfast in return for their paid-up membership of the London Business Club – an organisation for fund donors. The [...]
Travelodge looks to tap into concert venues with raft of hotel openings November 14, 2010 BUDGET hotelier Travelodge has exchanged contracts on two new hotels next to the MEN Arena in Manchester and Birmingham’s NEC. The £24m hotels deal will see 200 rooms built at each site, specifically chosen due to the increased popularity of live music, comedy and the enduring popularity of conference and exhibitions. The deals follow recent Travelodge [...]
Travelodge looks to tap into concert venues with raft of hotel openings November 14, 2010 BUDGET hotelier Travelodge has exchanged contracts on two new hotels next to the MEN Arena in Manchester and Birmingham’s NEC. The £24m hotels deal will see 200 rooms built at each site, specifically chosen due to the increased popularity of live music, comedy and the enduring popularity of conference and exhibitions. The deals follow recent Travelodge [...]
Dubai firm to retain Europe units for 2011 October 18, 2010 Dubai International Capital (DIC) will not sell any European assets before the end of 2011, its chief investment officer said yesterday, as it waits for their value to rise. The private equity arm of Dubai Holding, the investment vehicle owned by the ruler of Dubai, is undergoing a debt restructuring. “It’s fair to say that [...]