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Chestnut continues on rapid expansion path with acquisition of The Feather in Holt

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Chestnut has accelerated its growth with the acquisition of The Feathers in Holt, North Norfolk.

The fast-growing East Anglian hospitality business has taken over the 16-bedroom pub, restaurant and bar to take its total portfolio to 14.

The pub in the Georgian town of Holt was built on the site of an old cattle market in 1650 and has potential for expansion.  

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The addition of The Feathers to the Chestnut portfolio comes shortly after the acquisition of another Norfolk property, The Maltings in Weybourne, earlier this year. 

Speaking about the latest addition to the group’s portfolio, Philip Turner, Founder and Managing Director of Chestnut said: “We are really excited to be expanding in this wonderful part of the region. 2021 continues to be a year of growth and with Norfolk remaining a great staycation destination and fast developing into a preferred post COVID relocation hotspot, The Feathers is the perfect addition to the Chestnut collection. 

We have ambitious growth plans for the area, which is reflected in our latest acquisitions. Chestnut is looking to consolidate its position in a market of £3.5bn tourism spend and be well positioned for the changing dynamic of office/home working habits.”

The Feathers joins the ever-growing Chestnut portfolio alongside The Globe Inn, Wells-next-the-Sea, The Maltings, Weybourne and The Carpenters Arms, Great Wilbraham. 

Other properties within the collection includes The Packhorse Inn in Moulton near Newmarket, The Rupert Brooke in Grantchester on the outskirts of Cambridge, The Northgate in Bury St Edmunds, The Black Lion in Long Melford, The Westleton Crown in Westleton, The Ship at Dunwich, The Eight Bells in Saffron Walden, The Weeping Willow in Barrow, The Three Blackbirds in Woodditton, The Crown in Stoke-by-Nayland and The Cricketers in Clavering. 

Tags : acquisitionChestnutNorfolk
Zoe Monk

The author Zoe Monk

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