The company that owns the £90m Beaverbook Hotel in Surrey has sold its pub with rooms portfolio to family brewer and pub operator Fuller’s.
Longshot, which is headed up by childhood friends Joel Cadbury and Ollie Vigors, has sold its six Bel & Dragon properties in Berkshire, Hampshire and Surrey to the Chiswick-based company, comprising a total of 57 bedrooms.
The announcement was revealed as Fuller’s published its latest company accounts, which saw revenue up 5% to £403.6m, with a strong performance across its accommodation arm.
Commenting on the results, chief executive Simon Emeny said: “The six Bel & The Dragon sites are a perfect fit with our existing quality estate. They offer delicious, fresh food, an interesting and premium drinks portfolio and 57 bedrooms – all areas where we have expertise.
“We have an excellent team of motivated people both at management level and throughout the business, we have pubs that are well-invested and in strong, iconic locations, and we have a bold and proud portfolio of beer and cider brands. These assets are backed by a robust financial position and that puts us in a good place to continue to deliver for our shareholders, our customers and our employees.”
Longshot, the former owners of The Groucho Club in London, has owned the six Bel & Dragon pubs since 2010, acquiring three freeholds and one leasehold site in Cookham, Godalming, Reading and Windsor for £4m.