Whitbread, Britain's biggest hotel and coffee shop operator, said it was preparing for more competitive markets in 2013 as two of its big rivals, Travelodge and Starbucks, shake off recent setbacks.
The company said it would m
Travelodge, a leading UK budget hotel chain owned by Dubai International Capital (DIC), said it has agreed a 635 million pound ($999.6 million) debt restructuring that will give lenders control of the business.
However, the deal confirm
Travelodge, the UK budget hotel chain owned by Dubai International Capital, said the company faced no bankruptcy risk and would soon be getting finance from two New York-based hedge funds for restructuring debt.
Avenue Capital Group and G