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Travelodge proposes new deal to end landlord row

The company says temporary rent cuts and new investment will protect thousands of jobs.

The budget hotel chain plans to open 100 new hotels over the next five years, creating 3,000 new jobs.

The owners of Travelodge are reportedly preparing a 1bn sale or stock market float of the hotel chain.

UK budget hotel chain Travelodge has reported a more than 60% surge in profits three years after its near-collapse.

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