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The first Travelodge locations opened in 1973 in former Excelsior Motor Lodge branches, a brand of motels owned by Forte which were located near busy roads. [ citation needed ] In 1976, Trusthouse Forte would open Little Chef Lodges; these were attached to Little Chef restaurants and the first chain of budget hotels in the UK. [ 6 ]
Today, however, there are many different hotel "tiers" that Travelodge offers, from budget-priced properties to full-service high-rise hotels. Travelodge purchased the Skylight Inn of America Inn in 1988, which was founded only six years prior in Cleveland, Ohio, [2] [3] [4] In 1996, the Forte Group sold the
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He incorporated and expanded the entire chain under the TraveLodge banner after 1946. [23] In 1937, Harlan Sanders opened a motel and restaurant as Sanders Court and Café alongside a fuel station in Corbin, Kentucky; a second location was opened in Asheville, North Carolina, but expansion as a motel chain was not pursued further. [24] [25]
From 2003 to 2015, the company sold around 200 hotels for a total of almost $8 billion, [18] [19] leaving only 7 owned or leased properties in the portfolio. [ 20 ] In 2004, IHG acquired the Candlewood Suites brand, a midscale extended stay hotel brand with 108 franchised properties in the United States, for $15 million.
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