icLiverpool - Travelodge rescue deal goes to vote

Budget hotel chain Travelodge is fighting to secure its future as it asks landlords to back a vital rescue deal.

Creditors - including a raft of landlords across the UK - will vote on a plan that will see rent payments slashed across more than 100 hotels.

The group, which operates more than 500 hotels across the UK, Ireland and Spain and employs more than 6,000 staff, is proposing a plan to offload 49 hotels to other operators, while the landlords of a further 109 are being asked to accept a 25% cut in rent. The remaining 347 will be unaffected.

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