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Travelodge%2C_Lutterworth_-_geograph.org.uk_-_865739.jpg?profile=RESIZE_400xBudget hotel business Travelodge is to propose a new restructuring plan that it hopes will end a row with landlords and protect thousands of jobs.

The company wants landlords to agree £144m of temporary rent cuts on its 564 sites in return for fresh investment.

Travelodge, whose backers include Goldman Sachs, has refused to pay rent in the three months to end-March.

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BBC News

 

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