Blogger templates

Tuesday, November 22, 2022

Posted by Tamila Deniece Harris 4:54 AM No comments
Inn Collection Group acquires Wordsworth Hotel

Pubs with rooms operator the Inn Collection Group has announced its acquisition of the Wordsworth Hotel in Grasmere for an undisclosed sum, its seventh acquisition this year.

The hotel is located right in the centre of Grasmere, in the shadow of St Oswald’s church, and has 38 rooms. It opened 150 years ago as the Rothay Hotel in 1874. The hotel gets its current name from a poem written by Willaim Wordsworth.

The Wordsworth is also the group’s latest investment into the Grasmere area, joining existing property The Swan on Keswick Road and new staff accommodation facilities under construction for the group’s growing workforce in the UNESCO World Heritage Site.

It is the 34th property to come under The Inn Collection Group banner and joins fellow Cumbrian sites The Glenridding Hotel, The Regent Hotel and Ambleside Lake House, North Wales venues The Bull Inn at Beaumaris and The St Kilda Hotel in Llandudno and Harrogate’s St George Hotel in being added to the group’s portfolio in 2022.

Edinburgh-based commercial law firm Burness Paull provided legal advice on the transaction, while Neil Hart at Newcastle-upon-Tyne based Bradley Hall advised on pre-acquisition diligence.

Sean Donkin, managing director, said: “We are delighted to bring The Wordsworth into The Inn Collection Group. It is a prime site, and we are really excited to add it to our estate. Grasmere is a beautiful village that enjoys a rich history through its connections with Wordsworth and the Heaton Cooper family and this acquisition lets us put down further roots in the community. “

Neil Hart, group CEO at Bradley Hall, added: “We have a longstanding relationship with The Inn Collection Group and being able to offer them continuous support through their ever-expanding portfolio of hospitality venues is always a pleasure.

“We are proud to be part of this extensive period of growth for the firm as they expand their footprint across the Lake District to include over ten sites. I am very much looking forward to continuing our partnership on upcoming projects.”

ICG is still actively seeking out new investment opportunities in the north of England and North Wales.

* This article was originally published here

* This article was originally published here


Post a Comment


Bookmark Us

Delicious Digg Facebook Favorites More Stumbleupon Twitter