Travelodge was founded in 1985 and says it is Britain’s largest independent hotel chain, operating more than 525 hotels and 39,000 rooms across the UK, Ireland and Spain. Under chief executive Peter Gowers, 44, the Oxfordshire company welcomed a record 18m customers in 2015 and plans to open 19 new hotels this year. The group is reportedly up for sale.

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Company details
ActivityBudget hotel operator
Sales £m559.6
Operating profit £m62.9
Main shareholdersInstitutional investors (>50%), management (<50%)

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* supplied by Company   † annualised figure   ‡  profit = ebitda