Coaching inns operator backed by BGF
COACHING inns operator Bulldog Hotel Group has secured a £4.5m investment from the Birmingham-based BGF (Business Growth Fund) to support its planned £20m expansion across England.
The Lincolnshire business operates seven hotels and will use the capital injection to double the number of properties in its portfolio over the next three to four years.
Bulldog was recently named as one of the London Stock Exchange Group’s 1000 Companies to Inspire Britain 2015, an annual celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises in the UK.
It specialises in finding high quality coaching inns and revitalising their offer across food, drink and accommodation to attract tourists as well as local and business trade.
With annual sales in excess of £10m, the group has capitalised on the growth of the UK eating out market, which is estimated to have doubled over the past 12 years, supported by an increasingly buoyant regional hotel market, which is forecast to reach record levels this year.
Mark Freer from the BGF said: “Bulldog has grown through the acquisition of individual hotels and has a strong track record of substantially improving profitability at every site.
“We are backing a strong management team, with plenty of energy and extensive experience in the hotel and hospitality market.”
Bulldog Hotel Group was advised by law firm Irwin Mitchell.
