Travelodge could be sold for £1bn
Budget hotel chain Travelodge owned by GoldenTree Asset Management, Goldman Sachs and Avenue Capital could be sold for £1bn (€1.39bn), said The Times.
However, if combined with the 144 Travelodges bought in 2014 from Nick Leslau's Prestbury Investment Holdings, the deal's value could raise to £1.6bn.
Reports suggested that Deutsche Bank or Jefferies could be interested in the sale.
The owners are said to be appointing new advisers to weigh up strategic options, including a possible stock market flotation.
The move comes three years after the bank was bought from Dubai International Capital following a restructuring that allowed a debt reduction from £635bn £329bn.
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