Australian joint venture buys eight Travelodge hotels, trademark rights

01/10/2005 |

The Pritzker family is selling a portfolio of eight Australian Travelodge hotels, in addition to the Travelodge brand and trademark rights for about 30 nations to a joint venture involving three Australian groups -- NRMA Motoring and Services, JF Meridien Trust and James Fielding Trust, reports. The deal, worth about $143 million, is expected to close in March.

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