Hotel group adds to stable with latest acquisition
A North West hotel group has acquired a well-known venue on the Fylde Coast as part of its expansion plans.
HY Hotels has bought the Lindum Hotel on South Promenade in St Annes, from the Rowley family.
The group operates seven sites in total including the nearby Howarth House Hotel and aparthotel, and Chadwick Hotel in St Annes; Manchester’s Ainscow Hotel and The Block serviced apartments in Liverpool.
The Lindum Hotel was operated by the Rowley family for more than 50 years, and comprises 80 en-suite bedrooms, a restaurant and function rooms.
HY Hotels owner Dan Yates said the purchase is part of plans to expand in the North West, with further acquisitions likely in Blackpool and Preston.
He said: “We saw this as a great acquisition to complement both businesses. We’re now working with the former owners to plan an easy transaction to secure the future of both the hotel and the staff employed there, and take it onto new levels of success.
“We’ve got some great plans for the hotel and believe it will continue to attract visitors to the Fylde Coast for years to come.
“HY Hotels has grown well over the past couple of years and the senior management team is now looking at sites in Blackpool, Preston and further afield.”
Legal advice was provided on the transaction by David Hill, partner in the Commercial Property team at law firm Napthens.
Funding advice was supplied by a team from NatWest, led by John Platt, relationship director, and accountancy services by RSM Tenon.
Hill said: “The Lindum Hotel has been a popular venue on the Fylde Coast for generations, and this acquisition will continue that history.”
Platt added: “HY Hotels has an excellent portfolio of hotels across the North West and this latest acquisition enhances their offering. We wish Dan and HY Hotels every success for the future.”
