A coaching inn on the North Norfolk coast has been sold off an asking price of £1.6m
The Ship Hotel in Brancaster has been operated by Flying Kiwis since 2009 and makes its money from a strong F&B offering alongside nine bedrooms which were added in 2010.
Flying Kiwi Inns which is headed by chef Chris Coubrough and operates alongside the Crown Hotel in Wells-next-the-sea, has sold The Ship to the Chaplin Group.
The group also owns the Gonville Hotel in Cambridge – which recently unveiled a new wellness retreat space – and the Maids Head Hotel, Norwich.
Chaplin Group’s company director David Chaplin, said: “We are delighted to have the opportunity to acquire The Ship Hotel. The Ship is already a very successful operation and it will fit well with our Cambridge and Norwich hotels where we appeal to discerning travellers seeking excellent service and elegant surroundings.”
Simon Jackaman, of Fleurets, brokered the sale commented: “Businesses of this quality rarely come to the market, so when this did, we were able to directly approach a number of operators whom we knew would be the right type of operator and despite some early competitive bidding, Chaplin Group were the perfect match for this outstanding property. The whole transaction from start to finish was concluded very quickly in order for the new owners to fully benefit from the up and coming seasonal trade.”