Dubai International Buys Travelodge for $1.3 Billion

"Dubai International Capital LLC, a private equity company owned by the Persian Gulf emirate's government, agreed to buy Travelodge Hotels Ltd. from Permira Advisers LLP for 675 million pounds ($1.3 billion) to enter the expanding U.K. budget-hotel market."


TravelLode is a U.K. budget hotel line