Pints all round after £5m double pub acquisition
EXPANDING hospitality firm The Coaching Inn Group has bought two North Yorkshire pubs in a £5m deal.
The Lincolnshire group is continuing with a £20m expansion programme which has seen it buy The Golden Fleece in Thirsk and The Feathers in Helmsley from Homfray Hotels.
The Coaching Inn Group now has a portfolio of ten sites and 300 bedrooms across them.
Founder and managing director, Kevin Charity, said: “Awareness of our acquisition plans is enabling us to have a number of off-market meetings in the coaching inns sector.
“This deal was the result of one of those discussions and fits perfectly with our expansion plans.
“The Golden Fleece is a famous coaching inn, steeped in history, whilst The Feathers is an extremely popular traditional inn in the busy market town of Helmsley, both at the gateway to the beautiful North Yorkshire Moors.
“We plan to invest in both sites in the New Year, but for now we look forward to working with the existing, highly successful management teams. We’ll be investing across accommodation, food and beverage, and adding to what is already a very well supported offering.”
Property search firm PH Land and Developments acted as agents on the transaction for the Coaching Inn Group.
