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Wed 7th Oct 2015 - Coaching Inn makes £5m Yorkshire double acquisition
£5 million deal sees double Yorkshire acquisition for Coaching Inn Group: The Coaching Inn Group has announced a £5m double acquisition as the fast-expanding independent coaching inn specialist continues its £20m expansion programme. The off-market deal, worth more than £5m, sees the group purchase two landmark North Yorkshire Inns, The Golden Fleece in Thirsk and The Feathers in Helmsley, from Homfray Hotels, bringing the Coaching Inn Group estate to ten sites and more than 300 bedrooms. Founder and managing director Kevin Charity said: “Awareness of our acquisition plans is enabling us to have a number of off-market meetings in the coaching inns sector. This deal was the result of one of those discussions and fits perfectly with our expansion plans. The Golden Fleece is a famous coaching inn, steeped in history, whilst The Feathers is an extremely popular traditional inn in the busy market town of Helmsley, both at the gateway to the beautiful North Yorkshire Moors.We plan to invest in both sites in the new year, but for now we look forward to working with the existing, highly successful management teams. We’ll be investing across accommodation, food and beverage, and adding to what is already a very well supported offering.” The Coaching Inn Group operates individually styled coaching inns, each with an all-day offer, across the UK and has built a strong reputation in the industry for transforming under performing establishments into busy and profitable businesses. Property search firm PH Land and Developments acted as agents on the transaction for the Coaching Inn Group. In response to its recent acquisitions The Coaching Inn Group has announced it is now searching for a group operations manager to join the rapidly expanding business. The company has said it is looking for to an individual who can help contribute to the broader strategic vision of the group while maintaining responsibility for its day-to-day performance. It is expected that role would see promotion to the board as group operations director in the future. Interested candidates should email Kevin Charity directly on K.Charity@innmail.co.uk


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