Travelodge has acquired a 155-year leasehold interest in 6 Broad Street with a view to converting the office to a hotel.

Located opposite Liverpool Street station, the acquisition covers two adjacent buildings, totalling 58,893 sq ft net internal area, which are currently vacant and awaiting refurbishment.

Subject to planning permission, Travelodge will convert the upper floors of both buildings into a hotel with an 85 Bar Café. The project will also reinstate pre-existing retail uses on the Ground Floor of 6 Broad Street Place.

Travelodge continues to see significant growth opportunities in the UK, with over 300 target locations identified following a comprehensive market review. The Group is successfully executing its development strategy, with 11 freehold and leasehold hotels opened in the year to date, and a further 4 hotels exchanged or completed.

Jo Boydell, CEO of Travelodge, comments: “Office-to-hotel conversion is a sustainable way of developing, allowing us to meet the increasing demand for budget hotels while reducing the carbon impact that new development brings. We are also excited to expand our portfolio in London, where we currently operate over 80 hotels, with a further five developments underway.”