Travelodge’s hedge fund backer eyes sale after decade of ownership
The American hedge fund behind Travelodge is weighing a sale worth up to £1.2bn after almost a decade of ownership. GoldenTree, one of three opportunistic funds that seized control of Travelodge more than a decade ago, is lining up bankers to explore a potential sale, according to City sources. It comes after Travelodge’s two other Wall Street backers recently cashed out of … [Read more…]
