| 20.02.2012 - US hedge funds set to take over at Travelodge |
| Two US hedge funds are poised to wrest control of Travelodge from Dubai's sovereign wealth fund as the UK budget hotel chain struggles beneath a £530m debt pile. Avenue Capital and GoldenTree Asset Management, both based in New York, have agreed to underwrite a £60m loan to the hotel operator, which has battled to keep up with interest repayments of almost £100m a year...............................................Full Article: Source |