Mezz checked in at Travelodge as CVA approved

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Mezz checked in at Travelodge as CVA approved

Some 97% of Travelodge’s creditors — including 96% of landlords — have approved a company voluntary agreement (CVA) that will allow its mezzanine lenders to finalise their takeover of the UK budget hotel chain, and reduce the levels of rent at some of its hotels.

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