The owners of Travelodge – Avenue Capital, GoldenTree Asset Management and Goldman Sachs – could be looking to China to provide a buyer for the budget hotel chain, according to people with knowledge of the matter.
Key in the timing of any sale is the question of when the current hotel sector cycle will hit a peak, the people suggest.
Peter Gowers, Travelodge’s chief executive officer, noted the current owners bought the chain in 2012 and are not known as being long-term investors.
