UK: The Inn Collection Group has added to its pubs with rooms portfolio with a second Lake District acquisition.
The Queens Hotel in Ambleside, in the Lake District, has been purchased by the group as it continues to roll out strategic growth plans of its ‘pubs with rooms’ model. This follows the recent acquisition of the Waterhead Hotel in Coniston.
The Inn Collection Group aims to more than double its portfolio to 21 hotels by 2022. North east property firm, Bradley Hall will be supporting the hospitality group in sourcing and acquiring further ventures.
Sean Donkin, managing director at The Inn Collection Group, said: “We are excited to be bringing The Queens Hotel and its team into The Inn Collection Group family. Ambleside is a stunning location with an all-year-round appeal for walkers, outdoors enthusiasts and weekenders. We take a great deal of pride in repurposing and enhancing historic buildings and are looking forward to investing in The Queens Hotel to meld with our award-winning eat, drink, sleep and explore philosophy.”
The Queens Hotel is the group’s third acquisition within the past 12 months, following the purchase of its first Lake District property, The Waterhead Hotel in September 2018 and the reopening of The Seaton Lane Inn in County Durham after a major redevelopment in April. The operator opened a £4m new build unit, The Amble Inn in Northumberland in January 2019.
The Alchemy-backed Inn Collection Group will continue to seek out new development opportunities to grow its portfolio in the Lake District and Yorkshire as well as within its north east England heartland.
North East property firm Bradley Hall acted on behalf of The Inn Collection Group for both of its Lake District acquisitions.
Group managing director Neil Hart said: “We were delighted to act on behalf of The Inn Collection Group during this exciting and important time for the firm. We’ve developed a fantastic relationship with Sean and the team and are extremely proud to have played a small role in this innovative company’s impressive and significant recent growth. We look forward to working on future projects with the region’s leading and contemporary pub company as it continues to change the face of the North East’s hospitality sector. This growing organisation is actively looking for further opportunities to acquire additional sites and I encourage any interested parties to contact me.”
Newcastle-based law firm Ward Hadaway advised The Inn Collection Group on the transaction accompanied by Jones Lang Lasalle on pre-acquisition diligence.