Travelodge Owners Looking to Sell

    Travelodge has appointed Deutsche Bank to advise on the £1 billion ($1.5 billion) sale or stock market float of the company, according to The Telegraph. Goldman Sachs and two hedge funds, GoldenTree Asset Management and Avenue Capital, have owned the company since 2012. Travelodge underwent an overhaul in 2013 with a £100 million modernization ($155.6 million). According to the article, the owners are looking to finish a deal in the fall.