Ago Hotels – a new hotel platform created by members of the Travelodge Owners Action Group – has formally issued legal documentation to over 200 owners of over 400 Travelodge properties, in a bid to tempt them to leave Travelodge and sign up to a partnership between Ago Hotels and French hotel chain Accor.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
