City Travelodge put up for sale
A Bath hotel is being up for sale as part of financial restructuring by accommodation giant Travelodge.
The Travelodge Bath Waterside is leased to the firm by Piccadilly Hotels, which is selling it through agent Christie and Co.
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The Waterside Travelodge
The 124-room venue at Widcombe is one of six being sold by Piccadilly in a move which is linked to Travelodge’s debt mountain.
Others are in Edinburgh, Newcastle and Coventry.
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Christie and Co will be marketing the hotels on an individual basis with a view to selling with vacant possession.
Jeremy Jones, the property firm’s director of corporate hotels, said: “Given the strategic location of these Travelodge hotels and the potential for new operators to explore rebranding them in both budget and mid-market segments, we expect a great deal of competitive interest.”
Travelodge - which also has a hotel in the old Royal York Hotel building in George Street - has been behind plans for a hotel next to the Holiday Inn Express in Lower Bristol Road which are the subject of a planning appeal.
The Waterside is going on the market at a time when Premier Inn is working on a new hotel in James Street West and there is planning permission for new hotels at Green Park House and Kingsmead House.
Comments
by rogerh3
Friday, October 05 2012, 10:05PM
“Any chance of the new owner demolishing it and building something worthy of the site?”