Travelodge to convert Liverpool Street office building

The buildings reverse Liverpool Avenue station could have the higher flooring transformed right into a resort with retail use on the bottom flooring.

Jo Boydell, CEO of Travelodge, mentioned: “The acquisition of 6 Broad Avenue Place and 15-17 Eldon Avenue marks one other vital step in our UK growth technique as we proceed to develop and optimise our resort community.

“Workplace-to-hotel conversion is a sustainable method of growing, permitting us to fulfill the rising demand for funds inns whereas decreasing the carbon affect that new growth brings. We’re additionally excited to increase our portfolio in London, the place we at present function over 80 inns, with an additional 5 developments underway.”

Travelodge continues to see vital progress alternatives within the UK, with over 300 goal places recognized following a complete market evaluate.

The Group is efficiently executing its growth technique, with 11 freehold and leasehold inns opened within the 12 months thus far, and an additional 4 inns exchanged or accomplished. Additionally it is exploring extension alternatives inside its present property.