MORE PLACES TO STAY AT TRAVELODGE

Travelodge said it plans to build 35 hotels, creating 700 jobs, in the UK and Spain this year. The move will boost the budget hotel chain, led by chief executive Guy Parsons (above), to 495 hotels with 35,841 rooms. The new hotels include sites in Drury Lane and at Bank. Parsons said the chain is committed “to expand during the recession while many companies put their development on hold.” Picture: Alex Ridley/ CITY A.M