Travelodge UK Offering Finders Fee

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. October 14, 2008

OCTOBER 16, 2007. The UK's fastest growing hotel company, Travelodge has today offered the general public a lb25m bounty to help search for new hotels across the country. The budget chain plans to open an unprecedented 500 additional UK hotels by 2020 and is offering everyone the chance to get involved.

Travelodge is offering up to lb150,000 to any individual that finds a new location or existing building in the UK that results in a new Travelodge hotel opening* (There are a number of criteria that needs to be fulfilled to gain the finders' fee. This information is available on the Travelodge property website @ www.travelodgedevelopment.co.uk). The size of the bounty depends on the number of bedrooms that the proposed hotel can accommodate. Travelodge will pay lb500 for each bedroom, up to lb150,000 e.g. 100 bedroom hotel will result in a lb50,000 reward.

Travelodge Property Director, Paul Harvey said, "We are on a mission to open more UK hotels than any other company in history and would like our customers, staff and the general public to get involved. We have a fantastic property team that is already working on hundreds of sites, but you cannot beat local people for local knowledge.

"We want to leave no stone unturned in a bid to make us the UK's number one choice in hotels. For every proposed site that results in a new Travelodge opening, we will be delighted to pay up."

Travelodge will open around 30 new hotels this year and is planning to accelerate the programme to over 40 year from 2008 onwards. The budget chain's average size hotel is around 80 bedrooms, but the property team is seeking bigger hotels in the future to reach an average of 100 rooms.

Travelodge is targeting almost every major town in the UK, with a major push in Greater London, the South East of England, and big increases in the North West and Midlands. The hotel company believes that two thirds of the hotels will be brand new developments and the rest will be converted from existing office buildings and hotels.

Paul Harvey said, "Across the country, there is always a need to stay away from home whether it is for business, pleasure or en route to another destination. We can place a Travelodge in many different locations and in town centres we can have hotels above bars, restaurants, cinemas, health clubs, casinos and even doctors' surgeries."

Travelodge is encouraging customers, staff and all of the general public to inform them of potential hotel sites by contacting them via its property website www.travelodgedevelopment.co.uk.