Travelodge in £70m gym tie-up

Travelodge and Gym Group, the low cost fitness chain, today revealed £70m plans to search for 10 sites to launch together over the next five years. The pair have already partnered together at four sites including Waterloo and Wembley and said the next 10 sites will be located in London and the South East. The hotel operator, which recently went through a painful restructuring, plans to launch a further 50 hotels by 2020, while Gym Group has set itself the target of 20 new gyms in London by 2013.