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New ibis budget hotel opens in Dundee under profit share deal with landlord

New hotel open for business in Peterhead - Evening Express

New hotel open for business in Peterhead By Keith Findlay © Supplied by AGO Hotels AGO Hotels is behind the new ibis budget in Peterhead. A new hotel is up and running in Peterhead, thanks to an innovative lease deal with fledgling joint venture AGO Hotels. The former Travelodge, on Chapel Street, is now operating as part of the ibis budget brand under a 25-year agreement. AGO is a partnership of international hotel group Accor, Gullwing Hospitality and diversified international investment company Oasis Holdings. It was launched last year – by Oasis managing partner Viv Watts and hospitality industry veteran Lionel Benjamin – in the wake of a Travelodge company voluntary arrangement (CVA).

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