RedCat Pub Company continues acquisition spree with two south west hotels

05 August 2022 by
RedCat Pub Company continues acquisition spree with two south west hotels

RedCat Pub Company has acquired two further hotels in the south west of England after announcing the purchase of Cornwall's Jamaica Inn earlier this week.

The acquisition of Mooreland Hotel and the Swan Hotel by the Coaching Inn Group, which became part of RedCat last August, now brings the total number of pub hotels owned by the group to 32.

The Mooreland Hotel is located in Dartmoor and was renovated in 2017. It is famous for hosting Agatha Christie, who wrote her first novel there. The sale was brokered by Savills, who acted on behalf of the owners.

The Swan Hotel is a 50-bedroom boutique hotel situated in Somerset that recently secured investment for restoration and expansion. The sale of what is believed to be the oldest permanently trading hostelry in the UK was brokered by SSA Hotels.

Kevin Charity, chief executive of the Coaching Inn Group, said: "All three inns are incredibly high-quality additions to the Coaching Inn Group and we are continuing to work alongside RedCat to expand our portfolio in popular holiday locations in the UK focusing on areas of natural beauty. We look forward to preserving the history of each inn, which has served as an attraction for tourists and guests."

Rooney Anand, executive chairman of RedCat Pub Company, said: "RedCat and the Coaching Inn Group are delighted to be increasing our footprint through these exceptional pub hotels.

"Together, we have nearly doubled the portfolio since RedCat acquired the business last year and it continues to go from strength-to-strength. We are confident that our strategy to invest in high-quality pub hotels, offering the best possible service and good value is the right one for customers."

Terms of the deal were not disclosed.

The Coaching Inn Group bought Jamaica Inn, which was immortalised in Daphne du Maurier's best-selling novel of the same name, for £8m.

Since RedCat launched in February last year, it has acquired over 100 pubs and pub hotels, which accounts for over 1,200 rooms.

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 Group 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.

close

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