Travelodge, the UK's fastest growing hotel company has today been acquired by Dubai International Capital ("DIC"), a private equity firm, for a consideration of £675 million from the Permira Funds.

Budget hotel chain Travelodge has been bought by a Dubai-based investment firm in a £675m (1.02bn euros) deal. Travelodge, which operates 291 hotels in the UK, Ireland and Spain is being sold by its ...

19 August 2006Dubai: In a major foray into the UK's hospitality business, government investment firm Dubai International Capital (DIC) is set to acquire budget hotel chain Travelodge for 675 million ...

TRAVELODGE, which operates nine hotels in Ireland, has been bought for £675m (?993m). Dubai International Capital, a Middle East-based private equity firm, acquired Travelodge from venture capitalists ...

Dubai International Capital LLC, the international investment arm of Dubai Holding, has acquired UK-based Travelodge Hotels Ltd for UK £675 million (US $1.28 billion). Travelodge is an operator of ...

Dubai-owned budget hotel group Travelodge, is planning a major expansion across Europe and is aiming for up to 100 hotels in Spain alone, the group’s CEO confirmed on Wednesday. Travelodge, which is ...

Dubai International Capital (‘DIC’), the international investment arm of Dubai Holding, announced that it has agreed to acquire UK-based Travelodge, Britain’s fastest growing hotel company, for £675 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Whitbread is in preliminary discussions to merge its Premier Inn chain with Travelodge, Dubai International ...

Travelodge will get financing from two New York-based hedge funds as the UK budget hotel chain owned by Dubai International Capital restructures debt. Avenue Capital Group and GoldenTree Asset ...

Dubai is bracing itself for a hefty £400m loss as Travelodge, the debt-laden hotel group it bought near the top of the market, finalises a bailout that would obliterate its investment in the company.

London, Dubai, 18 August 2006 - Dubai International Capital LLC ("DIC"), the international investment arm of Dubai Holding, today announced that it has agreed to acquire UK-based Travelodge Hotels Ltd ...