Travelodge  (UK)

TVL Finance plc

1985

Private

Status: Performing

All payments are on time


L+5.375%

Maturity Date

15 Jul 2025

Next Interest Payment

15 Jan 2020

Interest Period

3 months

First ranking charge over company assets

Industry

Travel

£440,000,000

ISIN

XS2021472084

S&P:  B-, Moody's:  B3

15 Jul 2020 at 100

Coupon Type

Floating Rate over 3m £ Libor

* Current Yield and Yield to Maturity are an estimated return calculation and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

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 550 hotels and more than 40,000 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 19 million customers in 2019 and employed approximately 11,000 people.

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

 

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