The Travelodge hotel chain plans to expand its network, including new branches in Finchley North, Friern Barnet, Edgware, Golders Green and Mill Hill.
These would be added to the four existing hotels in the area.
It has proposed a joint development partnership with Barnet Council for projects that would “stimulate regeneration and facilitate further growth”.
Travelodge says this would represent a multi-million dollar investment for outside investors.
The hotel company wrote to the council outlining how the developments would boost the local economy and attract new visitors to the area.
Letters have been sent to 220 local authorities across Britain outlining a total of 300 target locations where the chain would like to expand.
Travelodge says the expansion program could represent an investment of around £3bn for outside investors and create more than 9,000 new jobs across the UK.
Local authorities will also have the option of retaining ownership of the hotel and receiving an annual rent in the council’s revenue budget or selling the hotel with Travelodge as its operator.
Steve Bennett, Travelodge’s director of property and development, said: “In the current climate, local authorities are under extreme pressure to invest in their economy and support regeneration projects.
“That is why we are writing to Barnet Council today.
“This expansion program could represent a multimillion-dollar investment for third-party investors and create 100 new jobs in the municipality.
“In addition, our research shows that, on average, Travelodge guests will spend at least double their room rate at local businesses during their stay; this can equate to an annual boost of several million pounds to the local economy.”