Monday, October 5, 2009

TRAVELODGE TO BUY 14 HOTELS

The budget hotel company is working with financial services group Meghraj, whose high net worth customers are being asked to create a £100 million acquisition fund, known as Tamesis Capital. Meghraj's clients have already put £20 million into the kitty, and are being asked to double that figure.
Tamesis will borrow a further £60 million, while Travelodge will invest just £500,000.

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