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Today, however, there are many different hotel "tiers" that Travelodge offers, from budget-priced properties to full-service high-rise hotels. 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
In August 2006, Travelodge was sold to Dubai International Capital (DIC), a United Arab Emirates-based company, for £675 million. [ 10 ] In mid-2010, Travelodge bought 52 Innkeeper's Lodge properties from the Mitchells & Butlers pub chain, leaving less than half the original number of Innkeeper's Lodge hotels.
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From 2003 to 2015, the company sold around 200 hotels for a total of almost $8 billion, [20] [21] leaving only 7 owned or leased properties in the portfolio. [ 22 ] In 2004, IHG acquired the Candlewood Suites brand, a midscale extended stay hotel brand with 108 franchised properties in the United States, for $15 million.
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Choice Hotels International, Inc. is an American multinational hospitality company based in North Bethesda, Maryland. The company, which is one of the largest hotel chains in the world, [3] [4] owns various hotel brands ranging from upscale to economy. As of the third quarter 2023, Choice Hotels franchised nearly 7,500 hotels, representing ...