RedCat continues to grow inn portfolio
The Coaching Inn Group, which was acquired by RedCat in August last year, operates coaching inns in market towns across the UK in locations such as Cambridgeshire, the Cotswolds, Peak District, Leicestershire and Staffordshire.
The most recent purchase dates back to 1089 and is formed around the Castle of Brecon. It includes 43 bedrooms alongside a number of public spaces including bars, restaurants and function spaces that cater for more than 300.
Views from the building feature the Brecon Beacon mountain range and the garden has direct access to the River Honddu.
Expanding estate at pace
The Coaching Inn Group chief executive Kevin Charity said: “Since obtaining RedCat’s support las August, I’m very pleased to be announcing our eighth acquisition, targeting the tourism market in south Wales.
“We’re working hard to continue to expand our estate at pace and bring The Coaching Inn’s expertise to bear on new properties.”
This comes after the company acquired the Wynnstay Hotel & Spa in Oswestry, Shropshire in March of this year.
On the latest acquisition, RedCat Pub Company executive chairman Rooney Anand said: “I’m delighted by the rapid growth of The Coaching Inn Group. With RedCat’s support, the team is focusing on running high-quality pub hotels across the country.
“Brecon Beacons National Park is an area of great natural beauty and I look forward to further building our portfolio in popular tourism destinations.”
Company history
Since its inception in February last year, RedCat’s portfolio has grown to more than 100 pubs and pub hotels, amounting to more than 1,000 bedrooms in total.
The company first purchased 42 pubs from Stonegate Pub Company before acquiring a number of sites since then.
Its strategy is to acquire quality inns, managed and tenanted pubs across the nation while aiming to provide operational expertise and capital investment pubs need to get back on their feet and accelerate growth as the sector recovers from the pandemic.
The firm said its approach is flexible, meaning it can acquire single pub assets up to larger scale businesses and pub companies.
