Abrdn trust to strike £350m deal with Travelodge owner Investing Abrdn Property Income fund is in “advanced discussions” to sell almost all of its portfolio to fund managed by Travelodge owner, Goldentree Asset Management. The £227m investment trust saw a bid from Custodian Property Income REIT voted down earlier this year, leaving the trust to begin winding down. Only 60.8 per cent of Abrdn shareholders [...]
Travelodge owner leads secret group behind Cineworld restructuring Retail Goldentree, the Wall Street hedge fund behind Travelodge, is leading a contentious overhaul of Cineworld that could leave UK ratepayers facing large losses. Cineworld, which collapsed into administration last year with £4bn in debt, has since fallen under the control of a covert group of hedge funds. This consortium is led by Goldentree and includes [...]
Travelodge owner looks to buy £40m of landlord hotels amid sale speculation Travel The owners of Travelodge are reportedly mulling buying £40m of hotels from their landlords, fuelling speculation the business could be sold.