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The company undert passing to New York-based hedge funds GoldenTree Asset Management and Avenue Capital Group, as well as Goldman Sachs. [13] On 17 August 2012 Travelodge UK confirmed [14] that the financial restructuring would be through a company voluntary arrangement which would include: At least £75m of new money being injected into the ...
Travelodge purchased the Skylight Inn of America Inn in 1988, which was founded only six years prior in Cleveland, Ohio, [2] [3] [4] In 1996, the Forte Group sold the Travelodge operation in North America. The trademark rights and franchise system were acquired for $39 million by HFS Inc., owner of other hotel brands such as Days Inn and Ramada.
Travelodge used navy blue branding. The office building which was the former Forte Group corporate headquarters at 166 High Holborn, London, has, many years after the Forte Group was taken over and broken up, been turned into a Travelodge (the chain having expanded to comprise a much larger number of urban hotels).
Prior to being a Ramada hotel, it was a Forte Hotels-managed property that was branded as the Travelodge New York JFK. [ 8 ] For several years, the Port Authority of New York and New Jersey (PANYNJ), the airport's owner, leased the building and site to the hotel-holding company Westmont Hospitality Group . [ 2 ]
Choice Hotels International is publicly traded on the New York Stock Exchange under the stock symbol CHH. [66] It maintains a corporate headquarters in North Bethesda, Maryland, [67] and a technology campus in Phoenix, Arizona. [68] At year-end 2017, Choice Hotels employed 1,987 people in its global corporate operations. [69]
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On 16th July 2024, The Tollman Family announced the sale of The Travel Corporation to Apollo Private Equity funds, a US-based asset management firm. The sale marks the end of the Tollman family's 104-year-long tenure of private ownership.
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