A FLEDGLING investment company has today announced it has bought a 37-bedroomed hotel in North Yorkshire.
The RedCat Pub Company, an investment vehicle founded to invest in the UK pub sector, has acquired The Crown Hotel in Boroughbridge, bringing its total hotel room estate to 1,000 rooms.
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The hotel will be operated by RedCat’s subsidiary, The Coaching Inn Group, which was acquired last August.
The Crown Hotel consists of 37 bedrooms as well as a leisure centre with an indoor swimming pool, sauna, gym, fitness suite and sun shower.
RedCat was launched in February 2021 and has demonstrated strong momentum, with this latest transaction adding to its estate of approximately 100 pubs and pub hotels.
RedCat’s strategy is to acquire quality inns, managed and tenanted pubs across the UK.
It aims to provide the operational expertise and capital investment pubs need to get back on their feet and flourish, as the sector recovers from the pandemic.
The Crown Hotel at Boroughbridge, North Yorkshire
The company’s approach is highly flexible, allowing it to acquire single pub assets, all the way through to larger-scale businesses and pub companies.
Julian Troup, head of UK Hotels Agency at Colliers brokered the highly confidential sale, acting on behalf of the owners.
Kevin Charity, chief executive of The Coaching Inn Group, said: “We’re pleased to have added The Crown Hotel to our high quality and fast-growing estate.
"I’m delighted with how The Coaching Inn Group is accelerating its growth with RedCat’s support.
"We’re actively looking for new opportunities to expand our estate of historic coaching inns even further.”
Rooney Anand, executive chairman and founder of the RedCat Pub Company, added: “Kevin and The Coaching Inn Group team are a class act and have a strong track record of identifying and running top quality pub hotels.
"RedCat are delighted to be able to support the business and its continued expansion.”
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