UK hotel chain Travelodge explores sale option -the Times

April 13, 2015 12:50 AM

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April 12 (Reuters) - The owners of UK budget hotel chain Travelodge are preparing to appoint advisers to consider strategic options, including a sale that may value the company at more than 1 billion pounds ($1.46 billion), the Times reported on Sunday.

Citing people familiar with the matter, the newspaper said that owners Goldman Sachs, Avenue Capital and GoldenTree Asset Management are in talks for a possible flotation of the company, although a sale in the next nine to 12 months in seen as the most likely option. (thetim.es/1FBdXGf)

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