TRAVELODGE, the budget hotel group, is fighting to avoid a calamitous administration that would put hundreds of jobs at risk by offloading dozens of its hotels.
The secret plan to transfer the hotels to a new owner is part of an ambitious restructuring of the debt-laden group proposed under a Company Voluntary Arrangement (CVA).
The agreement between the company and its creditors would allow an overhaul of the company’s leases to go ahead.
No comments:
Post a Comment