Budget hotel chain Travelodge has today announced it is expanding to Peterhead in a move which could bring £2m to the local economy.
Ten new sites across Scotland have been announced by the UK’s biggest independent chain including the first in Peterhead.
The Buchanie understands the vacant property in the town’s Chapel Street is under consideration.
As part of this expansion programme Travelodge is in talks about a site to build a 120-room guest house which they believe will bring millions of pounds of revenue into the area as well as creating 16 jobs.
Chief executive Peter Gowers said: “There is a big opportunity to further expand in Scotland.
“At present, the value hotel market in Scotland stands at 14 per cent, compared to 18 per cent in England and more than 30 per cent in the US.
“By 2030, the budget hotel sector could account for almost a quarter of the UK market, with a similar level of growth expected in Scotland.”
The brand was launched in Scotland back in 1986 with its first hotel in Stirling.
Now, as Travelodge moves away from roadside locations, they have become a leading urban hotel brand with eleven venues in Edinburgh alone.