Tue, 25 May 2021 | BUSINESS SALE
Northumberland-based hotel and pub company Inn Collection Group has completed the acquisition of The Carlton Hotel in the seaside town of Lytham St Annes, Lancashire. The acquisition is the latest in the group’s rapid growth, following a flurry of takeovers in recent weeks.
The Carlton Hotel will trade as part of the adjoining The Lindum Hotel, which the group acquired in 2020. The acquisition takes Inn Collection Group’s portfolio of sites to 23. The group, which is backed by private equity firm Alchemy Partners, aims to increase its portfolio to 40 sites by the end of next year.
In recent weeks, Inn Collection Group has acquired The Waterhead Hotel and The Wateredge Inn in the Lake District and The Park Hotel in Tynemouth, North Tyneside. Next month, it is due to open a new build site for the 40-bedroom The Seaburn Inn on Wearside.
Inn Collection Group Managing Director Sean Donkin said: “We’re excited to be expanding in this fantastic part of the North. The Carlton will be a great addition to The Lindum and allow us to further our fantastic offering to more people.”
“2021 has continued to be a year of substantial growth and this asset will help us increase our offering in Lancashire. We are also delighted that with this acquisition we can contribute to job creation and economic development across the supply chain giving a much-needed boost within the communities we operate during these challenging times.”
Neil Hart, Group Managing Director for Bradley Hall, who provided pre-acquisition diligence for Inn Collection Group, added: “We were delighted to work with The Inn Collection Group during this exciting and important time for the firm.”
“We’ve developed a fantastic relationship with 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 hospitality sector across the North and further afield.”
The deal comes amid a busy time of dealmaking in the UK’s fragmented domestic travel and tourism sector, which has taken on increased prominence due to COVID-19-related restrictions on international travel.
Find businesses for sale here.
If you are looking for an exit, we can help!
A highly regarded independent travel agency offering a diverse range of quality travel experiences, including tailor-made packages, to customers throughout the UK.
LEASEHOLD
Unique business model operating through four integrated divisions across the UK and internationally. Market-leading brands which are recognised across the sector and are driven by a strong digital marketing strategy.
LEASEHOLD
Specialises in the provision of friendly and professional swimming classes for babies, toddlers and young children. Currently offers its services to circa 1,600 active clients, 90% of whom provide reliable, repeat business. Has a waiting list of over...
LEASEHOLD
|
16
|
|
Jun
|
Competition watchdog approves sale of Asda petrol stations | DIVISION SALE
The UK competition regulator has accepted an offer from pros...
|
16
|
|
Jun
|
Tenzing portfolio company makes fourth acquisition in eight months | BUSINESS SALE
Outsourced payroll services company Online Payrolls has been...
|
15
|
|
Jun
|
UK events firm and promoter acquired as industry sets sights on reopening | BUSINESS SALE
German firm DEAG has purchased a 90 per cent majority stake ...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources