Aprirose add 25 pubs to portfolio with Wear Inns purchase

06 August 2018 by
Aprirose add 25 pubs to portfolio with Wear Inns purchase

Aprirose has expanded itsproperty portfolio with investment in the Northeast England based Wear Inns.

The QHotels chain owners paid £22.4m for the community pub group, which includes 25 pubs.

In July last year, the firm also bought 73 pubs from Mitchells and Butlers.

Chief executive of Aprirose, Manish Gudka, said the deal was part of the group's "clear vision" to build a "pub group of scale".

The pub group was founded in 2006, and posted a drop in sales in the last financial year from £14.2m to £13.6m. Losses also grew from £45,396 to £82,256.

Aprirose appoints Tim Shearman as CEO of hotels>>

QHotels' Oxford Belfry appoints new GM ahead of DoubleTree rebrand>>

Aprirose to enter serviced apartment sector with £40m Locke aparthotel>>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

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