The owner of a group of hotels across the West country has added to its portfolio with a new acquisition.
The Hatton Collection, which owns seven hotels and inns across the Cotswolds, Somerset and Jersey, has snapped up Little Thatch Inn in Quedgeley near Gloucester as part of a wider expansion plan in the region.
The Grade-II listed part-timbered black and white property dates back to 1351, comprising 24 bedrooms and has a strong business base throughout the week and leisure guests at the weekend.
The property has been owned by Jacky McDougall since 1970, who is now looking forward to retiring.
The new owners are now planning to roll out a refurbishment, starting with the bar and public areas, over the coming months.
Darren Hiscox of The Hatton Collection comments: “I am delighted to welcome The Little Thatch into the Hatton fold. We have been eager to expand our portfolio in the Gloucester area and the Thatch is a perfect addition.”
Matthew Smith, director at Christie & Co based in the Bristol office comments: “Such is the demand for this type of business in this part of the region, it was no surprise to have received multiple offers as the Little Thatch Inn provides a superb opportunity to further expand, with plenty of trade available due to the recent commercial and residential growth of the Quedgeley area. We are delighted for Darren Hiscox of Hatton Collection, who is an experienced hospitality business owner who knows the area extremely well and has exciting plans for The Little Thatch.”
The Little Thatch Inn was sold off a guide price of £800k.