Travelodge Australia
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| Formerly | Southern Pacific Hotel Corporation |
|---|---|
| Industry | Hospitality |
| Headquarters | , Australia |
Number of locations | 18 (2018) |
Area served | Australia, New Zealand |
Key people | Antony Ritch (CEO) |
Number of employees | 491 |
| Parent | Salter Brothers |
| Website | travelodge |
Travelodge Hotels is an Australian-owned brand of hotels. As at 16 February 2018, Travelodge has 18 hotels and 3,030 rooms across Australia and New Zealand
Travelodge Hotels is under separate management to the Travelodge chains of the United Kingdom and United States.
History
[edit]In 2005, the Toga Group entered into a long-term agreement to manage Travelodge Hotels in Australia and New Zealand.[1]
In 2005, JF Meridian Trust expanded its operational and capital base by raising A$126.9 million, part of which would go to buy a half stake in the Travelodge Hotel chain with the joint deal involving NRMA as co-owner and the Toga Group as manager of the chain.[2]
JF Meridian Trust was later absorbed into Mirvac, growing its initial 8 hotels to 13 properties.[3][4]
In 2014, rights to the hotel brand in 22 markets throughout the Asia-Pacific region were acquired by Singaporean company ICP. This excluded Australia and New Zealand where Mirvac and NRMA retained brand rights.[5][6]
The Toga Group has since formed a joint venture with Far East Hospitality to create TFE Hotels[7] (Toga Far East Hotels), which operate the Adina Apartment Hotels, Medina Serviced Apartments, Rendezvous Hotels, Vibe Hotels, TFE Hotels Collection and Travelodge Hotels brands across Australia and New Zealand. In 2021, 11 hotels in the Travelodge Australia portfolio was purchased by Salter Brothers.[8]
Locations
[edit]Travelodge Hotels are located across the largest cities in Australia and New Zealand including Sydney, Melbourne, Brisbane, Perth, Newcastle, Darwin, Hobart and Wellington with 17 properties in total. The newest hotel is Travelodge Hotel Wynyard Quarter, Auckland, which will open in October 2020 followed by Travelodge Hotel Hurstville in 2021.
References
[edit]- ^ Bishop, Jen (27 May 2010). "The Aussie-Owned Hotel Group Worth $445 Million". Dynamic Business.
- ^ Carolyn, Cummins (4 February 2005). "Meridian raises $127m, buys Travelodge". Sydney Morning Herald.
- ^ Wilmot, Ben (25 May 2012). "NRMA low-balls Travelodge bid". Australian Financial Review.[dead link]
- ^ "NSW motoring group angling for Travelodge". Dominion Post. Wellington. 12 June 2012.
- ^ Chia Yan Min (24 June 2014). "ICP acquires Asia Pacific rights to Travelodge brand". Straits Times.
- ^ Kelly, Martin (26 June 2014). "Mirvac, NRMA Sell Travelodge Asian Brand Rights for $3m". Travel Trends. Bluewater Press.
- ^ "Toga Hotels checks-in under a new name: TFE Hotels (Toga Far East Hotels)" (Press release). TFE Hotels. 13 March 2014.
- ^ Salter Brothers buys Travelodge portfolio for record $620m Australian Financial Review 23 July 2021
Further reading
[edit]- "Motels of Australia profit a record - to change name to Travelodge". Canberra Times. 29 September 1967. p. 15.
- Plain, Carl (19 September 1971). "TraveLodge had a humble start". Rome News-Tribune. p. 1-E.
- Barnes, Allan (24 May 1972). "TraveLodge defuses opposition to bid". The Age. p. 16.
- "TravelLodge to meet on takeover". The Age. 25 May 1972. p. 15.
- "Slater Walker heads foreign bid for Travelodge". Sydney Morning Herald. 25 May 1972. p. 12.
- "Revised offer accepted by Travelodge". Canberra Times. 27 May 1972. p. 17.
- "Travelodge in Japan". Canberra Times. 21 February 1973. p. 22.
- "Travelodge Franchise". Canberra Times. 29 May 1973. p. 15.
- "British offer for U.S. motel chain". The Age. 20 August 1973. p. 10.
- "Travelodge in Indonesia". Canberra Times. 3 January 1974. p. 13.
- "Offer for Travelodge Thought Reasonable". Canberra Times. 28 July 1976. p. 18.
- "Aust hotel group to expand into Thailand". Canberra Times. 19 April 1990. p. 23.
