Budget chain Travelodge is looking to double its presence in Cornwall.

Eight hotel sites are being “actively” sought across the county.

This expansion could represent an investment of £50 million for third party investors, the creation of 160 jobs and boost Travelodge’s portfolio to 15 hotels.

Potential locations include Bude, Falmouth, Isles of Scilly, Looe/Fowey, Newquay, Penzance, St Ives and Truro.

This would make it the largest budget hotel chain in Cornwall.

The details emerged at the company opened a 63-room property in Cambourne Redruth.

The new hotel represents an investment of £5 million for the landlord and has created 15 new jobs.

Travelodge south west regional director Gary Steele said: “Our new 571st Travelodge hotel is a great addition and is ideally located to help attract new visitors to the area.

This is great news for the local economy as previous research suggests that on average, Travelodge customers will spend double their room price with local businesses during their stay.

“The Cornwall economy is growing at pace, and as the UK’s top staycation destination, visitor numbers are increasing year-on-year, however there is still a shortage of good quality accommodation at a great value price.

“Therefore, to meet this growing consumer demand, we are actively looking for hotel sites. This proposed expansion programme could boost Travelodge’s portfolio to 15 hotels in Cornwall and create around 160 new jobs.”