Luxury pub group Cirrus Inns has secured a £11.7m loan to acquire two pub operating companies and the three London pubs they own.
The pubs – the Cross Keys in Chelsea, and the Brown Cow and Sands End, both in Fulham – will join Cirrus Inns’ portfolio of 21 individually operated boutique inns in the south of England which operate under the Epicurean Collection.
Financed by Metro Bank, the acquisition includes the purchase of the Cross Keys Freehold and DM Public House operating companies, previously headed by Mark Dyer and Eamonn Manson.
Dyer and Manson relaunched the Cross Keys, once a popular haunt of Dylan Thomas and the Rolling Stones in 2015, following a £500,000 renovation of the 300-year-old leased building which they had acquired the previous year.
Metro Bank will now take security on 20 of the pubs owned by Cirrus Inns.
Law firm Howard Kennedy advised Metro Bank on the deal, while Addleshaws advised Cirrus Inns.
Cirrus was set up in late 2011 to create an estate of high quality pubs with accommodation. The company now has five pubs in London and 19 in village locations in Somerset, Wiltshire, Gloucestershire, Oxfordshire, Dorset, Hampshire and West Sussex.
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