Fuller's sells London hotel to Tesco

12 December 2006 by
Fuller's sells London hotel to Tesco

London pub company Fuller, Smith and Turner has made its second hotel disposal in just over two months.

Fuller's announced today that retailer Tesco had exercised its option to acquire the freehold and leasehold interests in the Master Brewer hotel in Hillingdon, West London for £18.5m.

The 105-bedroom Master Brewer has been trading since 1969 and as of 30 September had a net book value of £4.86m and losses in the half-year period of £30,000.

Fuller's said it would use the cash to add to its estate of 363 pubs and hotels, as well as reduce debt.

In a statement Fuller's said: "The sale will allow Fuller's Inns to retain its focus on its more traditional pubs and hotels businesses comprising its remaining six hotels and the 17 pubs with bedrooms, which form part of the recently combined Fuller's/Gales estate."

In October Fuller's sold its Brigstow hotel in Bristol for £17.09m to Pedersen Hotels.

Gales acquisition boosts Fuller's profits >>

Top-level changes announced at Fuller's >>

By Chris Druce

E-mail your comments to Chris Druce here.

Get your copy of Caterer and Hotelkeeper every week -

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking