- Goldman Sachs (NYSE:GS) and Goldentree Asset Management acquired Travelodge Hotels in a debt restructuring in 2012, and today agree to buy 144 hotels leased to the company in a deal valued at about $830M. Among the owners is Lloyds (NYSE:LYG), which is busily shedding noncore assets.
- The budget-hotel chain operates 500 hotels and 38K rooms in the U.K., Ireland, and Spain. It has been busily renovating its properties in hopes of improving profitability.
From other sites
at Financial Times (Apr 10, 2015)
at MarketRealist.com (Apr 7, 2015)
at CNBC.com (Apr 7, 2015)
at CNBC.com (Mar 24, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs