The chairman of easyHotel today confirmed his resignation following a planned takeover of the ultra-budget chain.

Jonathan Lane is to step down from the board and leave the company tomorrow (October 1).

Non-executive director Scott Christie will assume the role of interim non-executive chairman.

EasyHotel said: “A search for a replacement chairman has commenced and a further announcement will be made when appropriate.”

Directors of the company backed a £139 million bid for the company in August despite opposition from founder Sir Stelios Haji-Ioannou.

The bidding consortium is made up of Luxembourg-based ICAMAP and Ivanhoé Cambridge of Canada.

Chief executive Guy Parsons said: “On behalf of both the board and the company, I would like to thank Jonathan for his longstanding commitment to the group.

“He joined the business at the time of IPO in 2014 and has bought valuable industry expertise to easyHotel during an important period of growth. We wish him the very best for the future.”