| Item | FY 2014 result | % growth Y-on-Y |
|---|---|---|
| EBITDA | £66.2m | 63.5 |
| RevPAR | £34.24 | 16.8 |
| Revenue | £497.2m | 14.9 |
The owners of budget hotel brand Travelodge have appointed Deutsche Bank to advise on a potential £1bn sale or stock market float.
Present owners Goldman Sachs, Avenue Capital and GoldenTree Asset Management took control of the brand in 2012 after it faced the threat of collapse under a £500m debt mountain.
Travelodge operates a 500-site estate, with 150 sites in the UK expected to open over the next eight years.
The consortium has since reduced the chain’s debt from £635m to £329m following restructuring.
The company’s finances have also been firmed up by a £100m modernisation programme and a recovery in the hotel market.
The news of a potential sale comes after Travelodge announced a 63.5% hike in EBITDA for 2014 to £66.2m, a 16.8% rise in revenue per available room to £34.24 and a 14.9% rise in revenue to £497.2m.
