A fast-growing North East hotel and pub company has made another acquisition as it continues its growth in the embattled hospitality sector.
The Alnwick-based Inn Collection Group’s portfolio has reached 23 after it acquired The Carlton Hotel in the Lancashire seaside resort of Lytham St Annes.
The hotel adjoins another, The Lindum Hotel, which Inn Collection acquired at the end of last year. It will trade as part of that hotel.
The new deal follows a rash of acquisitions by Inn Collection, including sites in Ambleside, in the Lake District.
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.”
The Alchemy-backed group has recently re-evaluated its growth plans and has increased its target of sites to 40 by the end of 2022. During the last month, the group expanded its portfolio further by acquiring two sites in the Lake District, The Wateredge Inn and The Waterhead Inn.
The group is also set to open new build site on Wearside in June. The Seaburn Inn is a 40-bedroom unit located on the shores of Seaburn and offers en-suite rooms with sea views, al fresco dining, and a children’s play area.
Most Read
The company - which recently acquired the Park Hotel at Tynemouth - is creating around 200 new jobs and has launched a recruitment campaign which aims to promote hospitality as a positive career, highlighting opportunities for training, flexible working and above average wages.
The Inn Collection Group was advised by Imogen Holland at Newcastle-based law firm Ward Hadaway, with Neil Hart at Bradley Hall on pre-acquisition diligence.
Bradley Hall group managing director Neil Hart 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.”