Redcomb Pubs Ltd, the multiple operator headed up by Dan Shotton and Mark Draper has acquired its latest site through agent Fleurets, The Worplesdon Place Hotel near Guildford, an ex-Beefeater and Premier Inn with 30 bedrooms.
Dan Shotton, Managing Director commented:
“The Worplesdon Place Hotel is a beautiful building set in 2 acres of gardens with its own lake, and will fit perfectly into our rooms division, taking our total portfolio to over 100 rooms. We are planning a major investment both in the pub and the hotel to create a fabulous country pub with cosy, individually styled bedrooms, and will be focusing on doing what we do best – delivering simple, seasonal, freshly cooked food, an interesting range of wines and beers, in a friendly relaxed environment, all at very sensible prices.
“Trading over the last quarter has been especially strong, with LFL performance in excess of +5.4% and occupancy averaging 78% across our hotels, and we are still ahead of our acquisition strategy for 2015. We are now focusing on building our pipeline even further for both our rooms and pub divisions, and are actively seeking freeholds and free of tie leases in London, the south east and M4 corridor.”
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