A new partnership could see a Travelodge hotel built in Alnwick.
This week the company has written to Northumberland County Council proposing an innovative new development partnership to finance the construction of new Travelodge hotels in Alnwick and Hexham, which will not only create jobs in the community, but will also generate a profit for the council.
By borrowing money from central government via the Public Works Loan Board, at a fixed, low-interest rate, local authorities can regenerate surplus land that they own and generate double-digit profits on their investment.
Travelodge has already successfully opened two hotels in conjunction with local authorities via this innovative programme, which includes an 81-room hotel in Aylesbury, which officially opened this week, and Eastleigh Central Travelodge, which opened earlier this year.
The company is also in advanced negotiations with a further five authorities across the UK.
Travelodge, which operates more than 500 hotels in the UK, Ireland and Spain, is currently looking to boost its portfolio in Northumberland. The budget hotel chain already has one hotel in the county at Berwick-upon-Tweed, employing 15 staff members.
Paul Harvey, managing director for property at Travelodge Hotels, said: “Working with local councils in this creative way has been a great experience for us and as a result of these innovative development partnerships, we have today written to 124 councils, which includes Northumberland, to see if we can work together on a similar partnership.
“If Northumberland County Council has suitable land or assets in a location that is viable for a Travelodge hotel, then we would be delighted to work with them to help boost their local economy, create new jobs within the community and generate a good return for their investment.”