Marston's and Travelodge in joint venture
Budget hotel operator Travelodge is teaming up with pub company Marston's Inns and Taverns in a £40m expansion plan. The companies are looking for sites where they can develop a hotel alongside a pub restaurant.
The land will be purchased by Marston's, which will construct a pub on part of the site. The rest will be leased out to Travelodge, which will build a hotel next door.
Their first joint venture - on a site in Wincanton, Somerset- is being seen as the blueprint for future developments. Travelodge is building a 57-bedroom hotel next door to a 6,500 sq ft Marston's family pub restaurant. Both will open next year.