Cirrus Inns acquires two pubs from British Country Inns
The group, which was co-founded by 333 Holdings founder Alex Langlands Pearse (Langy) and Mark Askew, former executive head chef at Gordon Ramsay Holding, has acquired the Bourne Valley Inn in St May Bourne, Hampshire and the King’s Arms in Didmarton, close to the Badminton Estate in Gloucestershire.
The sale of the sites takes BCI, which reported a narrowing of full-year, pre-tax losses earlier this year, to an estate of 25 pubs.
The acquisitions take the number of pubs under the Cirrus umbrella to nine, which includes the Yew Tree Inn in Berkshire that was formerly owned by Marco Pierre White; the Dundas Arms near Newbury; the Old House in Copthorne, West Sussex; the Museum in Blandford, Dorset; and the Archangel in Frome, Somerset. Its flagship is the Admiral Codrington in London’s Chelsea.
It is thought that the group, which launched at the end of last year and is aiming to eventually invest in up to 50 pubs, has already built up a database of "talented" entrepreneurs who wish to operate one of its investment sites.
The group is focused on operating iconic rural properties which operate individually and are very much part of the local community. Typically, a site will be a pub with a restaurant and around eight bedrooms, with Cirrus the finance and the operational vehicle that finds the sites and the right people to run them with its support.
