Construction begins on London Chiswick Travelodge

Travelodge has announced that construction has commenced for its new London Chiswick Travelodge. The 113-room hotel is located next to the Chiswick Roundabout, and is the group’s fourth hotel currently under construction in London. The other three sites include the group’s 600th Travelodge, a 95-room hotel at the Kia Oval Cricket Ground, a 73-room hotel in Bermondsey and a 72-room hotel in Beckenham. With the opening of these four hotels, Travelodge will operate 84 hotels in London, making it one of the city's biggest hotel chains. Travelodge secured forward funding in November 2022 for the development of London Chiswick Travelodge. The funding partner, RTP Global Real Estate Investments, purchased the site and committed to fund the development for £19.4m and retain Travelodge as the development manager for the scheme. Barnes Construction, which has a long-standing partnership with Travelodge and recently constructed Travelodge’s London Wimbledon Central hotel in 2022, has been appointed as contractor for the six storey development. The hotel is expected to be completed in Q1 2025 and will be let to Travelodge on a new 35-year lease, with five -yearly, index-linked rent reviews with caps and collars. London Chiswick Travelodge is being developed to the group’s new, premium look and feel design specification and will be built to BREEAM “Excellent” standards and with an EPC rating of “A”. London is a key growth area for Travelodge’s development strategy. A dedicated team is in place to secure a further 100 sites across the city for a new Travelodge opening. This expansion programme would reportedly more than double Travelodge’s presence in London and could represent a multi-billion investment for third party investors and create thousands of new jobs. Steve Bennett, Travelodge, Chief Property and Development Officer, said: “We are delighted to be expanding our London hotel network with the construction of our first hotel in Chiswick. “With over 80 Travelodges in London, we now operate in 31 out the 33 London boroughs and are one of London’s biggest hotel chains. We are currently building four more new London hotels, including our 600th Travelodge at the Kia Oval Cricket Ground, but we still have room for further growth in London.” He added: “Nowadays, more Britons are choosing to stay in a budget hotel than any other hotel type, but London cannot fulfil this growing trend as it has a shortage of good quality and low cost accommodation. “Therefore, to help fill this growing gap, we are actively searching for over 100 new hotel sites across the Capital. This London expansion programme could collectively represent a multi-billion pound investment for third party investors and create thousands of new jobs.”