UK hotel group Travelodge has reportedly received several initial offers from potential bidders, including buyout group BC Partners who may be prepared to offer up to £750m. US private equity group Starwood Capital and Whitbread have also been named potential bidders. Travelodge is owned by Permira, who hired UBS to carry out a stragic review of the company earlier in the year. A formal auction process has not yet begun.