Is Travelodge in debt?
Is Travelodge in debt? Liquidity and Financing Update In 2022 Travelodge generated positive cashflow of £116.6m before the repayment of over £100m of debt. The £40m RCF was fully repaid in 2022 and remains undrawn and in October 2022 Travelodge repaid the £60m senior secured term loan in full.
What is the difference between Premier Inn and Travelodge?
Premier inns are really predictable in terms of quality. Usually good sized rooms, friendly staff, high level of cleanliness. Travelodges can be very patchy. I've encountered surly, unhelpful staff; filthy rooms; inadequate towels; running out of toilet paper...