Travelodge Lenders Said to Meet Tomorrow on Debt Restructuring

Lenders to Travelodge Ltd. are meeting in London tomorrow about restructuring the U.K. budget hotel chain’s debt, according to two people with knowledge of the situation.

The restructuring may include a debt-for-equity swap, said the people, who declined to be identified because the talks are private. Travelodge is owned by Dubai International Capital LLC, the Persian Gulf emirate’s private-equity firm, which borrowed to fund its $1.3 billion purchase of the hotel chain in 2006.