X

Supercharge your investing

Investor Guide Icon

Travelodge  (UK)

1985

Private

Status: Performing

All payments are on time

BACK TO MARKET


Coupon

8.5%

Current Yield

8.0%

*
Estimated Yield to Maturity

6.7%

**
Maturity Date

15 May 2023

Next Interest Payment

15 May 2019

Interest Payment Frequency

6 months

Asset Security

First ranking charge over company assets

Industry

Travel

Amount

£290,000,000

ISIN

XS1403611608

Ratings

S&P:  B-, Moody's  B3

Call Schedule

15 May 2019 at 104.25
15 May 2020 at 102.125
15 May 2021 at 100


Business Description

Founded in 1985, Travelodge is the second largest hotel brand in the United Kingdom based on number of hotels and number of rooms operated. They lease, franchise, manage and own over 525 hotels and more than 39,000 rooms throughout the United Kingdom, Spain and Ireland. Travelodge operates in the attractive mid-scale and economy sector of the hotel market and are positioned as a low-cost operator, offering standardised, modern guest rooms at affordable prices to both business and leisure customers.

Travelodge's brand currently has brand recognition of over 90% among the UK population (as measured by a YouGov brand tracking survey). They had 18 million customers in 2015 and employ approximately 10,000 people.

Capital at risk. No FSCS cover. See Risk Statement.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note”, which corresponds and is backed by a specific loan or bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
© wisealpha.com. All rights reserved