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The Coaching Inn Group to hit 15 sites by 2017

25 April 2016 by
The Coaching Inn Group to hit 15 sites by 2017

The Coaching Inn Group achieved a 60% rise in profits to £1.3m and 29% increase in sales to £13m, according to its latest annual results.

Comprising 10 regional hotels, the group also announced site EBITDA rose 35% to £2.7m in the year to March 2016. Food and beverage accounted for 69% of the company's turnover.

Edward Walsh, group finance director, said: "We continue to see benefits, both from our acquisitions and our investment in established sites, particularly in relation to our hugely popular Eatery and Coffee House concept.

"We're ahead of our acquisition plan, with four new sites acquired in the past 12 months and with terms agreed on a further two sites, we're on track to reach our target of 15 sites before the end of the year."

A major refurbishment of properties acquired by the Coaching Inn Group has included projects at the White Hart in Boston, Royal Oak in Welshpool (pictured) and Three Swans in Market Harborough. In each case, over 50% return on capital invested has been achieved.

Last year, as well as rebranding from the Bulldog Hotel Group, the Coaching Inn Group also announced that property investment company Commer Group had taken a 20% stake in the business for an undisclosed sum and the securing of £4.5m investment from the Business Growth Fund.

Coaching Inn Group acquires the Kings Head in Richmond for £2m >>

Coaching Inn Group reveals £5m double acquisition >>

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

Bulldog attacks hotel market with new name >>

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