Budget hotel group Travelodge is not up for sale and its debt-laden owner Dubai International Capital (DIC) has had no approach from Whitbread (WTB.L), CEO Guy Parsons told Reuters, scotching media speculation.
Britain's Daily Mail newspaper reported on Saturday that Whitbread (WTB.L), the owner of Premier Inn, had approached DIC, the international investment arm of the Dubai government, about a possible merger of the two businesses in a deal which would also see DIC take a shareholding in Whitbread.
Parsons said in an interview on Monday that DIC had assured him no such conversations had taken place while he believed competition issues would make a deal unlikely.
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