We have stayed in the Travelodge Covent Garden several times and I recommend it. It has a great location in Covent Garden. The rooms have all been refurbished and have sound proofing, and black out curtains. There is a flat screen tv on the wall at the end of the bed, tea and coffee making facilities and the beds are comfortable. The bathroom and shower are small but it is all spotlessly clean and has everything you need for a budget, good value stay in the centre of London. The service is excellent with online check in to save queuing at reception. there is a nice bar area and breakfasts can be purchased for a reasonable price.
You can walk to Leicester Square in ten minutes. All the attractions of Covent Garden are on the doorstep, great restaurants and of course those fabulous street entertainers , one of which had me involved in this act. !
All in all I really think this is a great hotel in a fantastic location.