UK property news

Whitbread, owner of Premier Inn, to invest £350m into the development of new hotels

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The owner of Premier Inn plans to invest more than £350 m into new hotels despite the record £1 bn loss during the pandemic.

Whitbread sales went down to 71%, £589.4 m in the year to end of February because of the lockdown.

Currently, almost 92% of their hotels in the UK are open but only for essential business travel.

In Germany, more than a third of their hotels remain closed.