Archives for March 1, 2012

← 2012

MWB reduces debt but admits ‘challenging’ year ahead

By Luke Nicholls

MWB Group, the owner of boutique hotel chains Malmaison and Hotel du Vin, has successfully reduced its debt to £180m in just six months, with total revenue rising by nine per cent and occupancy and room rates holding firm.

Travelodge to open 184 London hotels by 2025

By Peter Ruddick

At the opening of the 500th Travelodge in the UK in Stratford, the budget hotel chain has announced significant London expansion plans with another 184 sites planned for the capital by 2025 creating 5,000 jobs across the city.