Premier Inn / Travelodge Merger Talks Collapse

By Claire Miller

- Last updated on GMT

Related tags: Travelodge chief executive, Travelodge

Premier Inn / Travelodge Merger Talks Collapse
Whitbread has confirmed that discussions over a potential merger of the Travelodge and Premier Inn hotel chains have collapsed

Mergertalks between Travelodge and Premier Inn have broken down, Whitbread has confirmed.

It is thought Whitbread wanted to pay significantly less than Travelodge owners Dubai International Capital were asking.

The statement said “There has been considerable comment in recent days regarding Whitbread and Travelodge.

"Whilst there were preliminary conversations between the parties, these discussions have now ended."

Travelodge chief executive Grant Hearn, said: “The proposed deal was unexpected and with terms which it appeared might have guaranteed a significant return to our investors and be in the best interests of our business.

"We and DIC are naturally obliged to consider such an offer but would only proceed if we felt it was in the interests of all stakeholders.

"Travelodge will deliver on its exciting growth strategy without needing to involve third parties,” he told the M&C Report.

Sylvain Denis, chief executive, DIC Private Equity, said: “Travelodge is delivering excellent performance and we have always been very confident that this management team will maintain the company’s rapid growth for many years to come.

"We and Travelodge management are looking forward to realising the plans that we agreed at the start of this investment period.”

Related topics: Business

Related news

Spotlight

Follow us

Hospitality Guides

View more

Featured Suppliers

All suppliers