New Travelodge plans for St Albans, Harpenden and London Colney

First published in News St Albans & Harpenden Review: Photograph of the Author by , Senior Reporter

A budget hotel chain is looking to build three new hotels in St Albans district, it has been announced today.

Travelodge has written to St Albans District Council proposing a new development partnership to finance the construction of hotels in St Albans, Harpenden and London Colney.

This will create jobs in the community and will also generate a profit for the council.

By borrowing money from central Government via the Public Works Loan Board at a fixed low interest rate, local authorities can regenerate surplus land that they own and generate double-digit profits on their investment.

Paul Harvey, managing director for property at Travelodge Hotels, said: "If St Albans District has suitable land or assets in a location that is viable for a Travelodge hotel, then we would be delighted to work with them to help boost their local economy, create new jobs within the community and generate a good return for their investment."

Comments (2)

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11:17am Tue 8 Oct 13

Vanessa says...

On reading this article you can gain the impression that Travelodge have just approached St Albans. In fact they have written to 124 councils! Not surprising as they have recently just had a somewhat disappointing time financially.
On reading this article you can gain the impression that Travelodge have just approached St Albans. In fact they have written to 124 councils! Not surprising as they have recently just had a somewhat disappointing time financially. Vanessa
  • Score: 3

11:56am Tue 8 Oct 13

fight rates says...

Our existing hotels are not full & another is being built in the City as we speak. So having four new extra hotels is not necessary. The surrounding areas in Hemel & Watford also have huge over capacity, so we do not need more hotels in the area. We need manufacturing jobs not more hotels, we have enough already.
Our existing hotels are not full & another is being built in the City as we speak. So having four new extra hotels is not necessary. The surrounding areas in Hemel & Watford also have huge over capacity, so we do not need more hotels in the area. We need manufacturing jobs not more hotels, we have enough already. fight rates
  • Score: 2

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