Chestnut Group extends footprint with second Newmarket acquisition

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Suffolk-based hospitality company, The Chestnut Group, has acquired The Three Blackbirds, a historic 17th century inn in Woodditton, Newmarket.

The firm is focusing on the town, which it believes is suffering from a lack of high quality venues, and intends to reopen the property in spring 2017, to coincide with the start of the flat-racing season. The Three Blackbirds will offer visitors a relaxed, informal dining experience, and its menu will feature premium cuts of meats alongside a selection of wood-fired pizzas. Regional ales, wines and spirits will also be available.

The group is keen for the venue to retain its role as a community hub, and it will be the subject of a sensitive refurbishment. It has been acquired with planning consent for nine bedrooms, and will become Chestnut’s second property in Newmarket, following the earlier purchase of The Packhorse Inn.

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The company recently completed an equity raise in excess of £2.5m to continue its expansion plans. “We’re thrilled to be taking on The Three Blackbirds,” says Philip Turner, the group’s founder. “With inward investment, Newmarket is beginning to thrive and we are delighted to further develop its potential as a leading hospitality destination. We look forward to consulting the local parish council to share our plans with the community.”

Tags : acquisitionsboutiquehotels
Andrea Ashfield

The author Andrea Ashfield

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