Coaching Inn Group reveals £5m double acquisition

08 October 2015 by
Coaching Inn Group reveals £5m double acquisition

The Coaching Inn Group has announced a double acquisition worth more than £5m as the company continues its £20m expansion programme.

The group has purchased two North Yorkshire Inns - the Golden Fleece in Thirsk and the Feathers in Helmsley - from Homfray Hotels. The off-market deal brings the firm's estate to 10 sites with more than 300 bedrooms.

Kevin Charity, founder and managing director of Coaching Inn Group (pictured with group finance director Edward Walsh), 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.

"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 and food and beverage and adding to what is already a very well supported offering."

The Coaching Inn Group, previously known as the Bulldog Hotel Group, recently announced it had doubled its profits and increased turnover to more than £10m.

It operates in market towns in County Durham, Yorkshire, Leicester, Lincolnshire, Gloucestershire, Northampton and Powys. Property search firm PH Land and Developments acted as agent on the transaction for the Coaching Inn Group.

Coaching Inn Group doubles profits as turnover tops £10m >>

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