Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Inn Collection Group makes fifth hotel acquisition of 2021

Inn Collection Group makes fifth hotel acquisition of 2021

Mon, 21 Jun 2021 | BUSINESS SALE



Rapidly growing North East-based pub and hotel group the Inn Collection Group has made its fifth acquisition of the year with the takeover of the Ripon Spa Hotel in North Yorkshire. The 40-bedroom hotel was sold for an undisclosed price, but had been listed at a guide price of £1.5 million.

The Inn Collection Group has used what has been an extremely difficult time for the hotel industry to embark on an acquisition spree, with the Ripon Spa Hotel deal being its 11th overall during the COVID-19 pandemic and taking its total estate up to 24.

This year, its hotel acquisitions include the Carlton Hotel in Lytham St Annes, Lancashire, the Waterhead Hotel and the Wateredge Inn in the Lake District and the Park Hotel in Tynemouth, North Tyneside.

The Ripon Spa Hotel will initially remain closed as a refurbishment is undertaken to bring the hotel in line with the group’s other sites in the Eat, Drink, Sleep and Explore brand. Set in six acres, the 40-bedroom hotel features a self-contained bar and bistro, terrace bar and ballroom.

The sale was handled by Colliers on behalf of long-term owner the Hutchinson family. The auction marks the first time that the Ripon Spa Hotel has been brought the commercial market since it originally opened in 1906.

Following the acquisition, Inn Collection Group MD Sean Donkin stated: We are delighted to be welcoming the Ripon Spa Hotel into our portfolio.”

“Its picturesque location in such a popular part of the UK makes it the perfect fit for The Inn Collection Group and our offering of delicious food, great drinks and fantastic accommodation in stunning locations. We’re excited to be furthering our expansion plans with such a great site, and are proud to be continuing to thrive during these challenging times for the hospitality sector.”

Donkin added: “The Inn Collection Group excels at revitalising classic, landmark sites like The Ripon Spa and realising their full potential with significant capital spend, detailed planning and care to retain the unique, historic character of landmark sites such as this.”

Colliers head of UK Hotels Agency Julian Troup said: “This sale marks a new chapter in the history of The Ripon Spa Hotel, and I look forward to seeing this renowned Yorkshire hotel benefitting from the high-quality of refurbishment for which The Inn Collection Group is synonymous.”

“There has been a noticeable change of mood in recent months among potential hotel purchasers. Activity has significantly increased, and The Ripon Spa Hotel attracted a good deal of interest from a diverse range of buyers before being secured by The Inn Collection Group.”


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Provider of Yacht Refit and Surveying Services
UK Wide

Specialises in yacht refits and surveying, providing exceptional service and high levels of efficiency for international clients. Benefits from a wealth of industry-specific experience, with its expertise encompassing a variety of vessels, including...

Asking Price: Offers Invited
Turnover: £7,200,000

FREEHOLD


Marquee Hire and Event Planning Company
Ickenham, Cheshire, North West, UK

Offering high quality marquees with a wide range of sizes. This offers a huge amount of flexibility which allows the company to cater for whatever customers require, from a small marquee in the back garden, to a marquee village, or perhaps catering f...

Asking Price: £290,000
Turnover: £438,450

LEASEHOLD


Tour Operator & Travel Agency
London, UK

A highly successful tour operator and travel agency trading for over 40 years. Offers bespoke travel and tourism packages for the benefit of private, corporate and commercial clients. Specialises in travel to Latin America and the Middle East. A full...

Asking Price: Offers Invited
Turnover: £1,140,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
16
 
May
 

Manx Financial Group to acquire Payment Assist in potential £9m deal | BUSINESS SALE

Manx Financial Group Plc has announced the acquisition of Pa...

 
13
 
May
 

Assets set to be sold as modular housing joint venture enters administration | ADMINISTRATION

The US House Group modular housing joint venture has fallen ...

 
12
 
May
 

Bathroom panel firm acquired for up to 9.1x EBITDA | BUSINESS SALE

Bathroom and kitchen products firm Norcros has agreed a deal...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
07
 
Dec
 

The Inn Collection Group acquires seventh Yorkshire hotel | BUSINESS SALE

Northumberland-based pub and hotel company The Inn Collectio...

 
25
 
May
 

Inn Collection Group makes latest hotel acquisition | BUSINESS SALE

Northumberland-based hotel and pub company Inn Collection Gr...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.