The Inn Collection Group has expanded its portfolio with its third acquisition in the past 12 months.
The Queens Hotel in Ambleside has been acquired as the group looks to continue to roll out the strategic growth plan of its ‘pub with rooms’ model.
The move follows the recent purchase of the Waterhead pub in Coniston, which was taken over in September and the reopening of The Seaton Lane Inn in Country Durham after a major development in April.
A £4m new build unit, The Amble Inn in Northumberland, opened in January 2019.
The Inn Collection Group is aiming to more than double its portfolio to 21 hotels by 2022, and earlier this year was successful in a bid to attain £10m in funding from OakNorth for future acquisitions.
The North East leisure operator, which runs nine sites across Northumberland, County Durham and Teeside, was established in 2006 and has revealed plans to increase the size of its inventory from 271 bedrooms to 900 over the next three years.
Speaking on the acquisition of The Queens Hotel in Ambleside, The Inn Collection Group’s managing director Sean Donkin said: “We are excited to be bringing The Queens Hotel and its team into The Inn Collection Group family. Ambleside is a stunning location with an all-year-round appeal for walkers, outdoors enthusiasts and weekenders.
“We take a great deal of pride in repurposing and enhancing historic buildings and are looking forward to investing in The Queens Hotel to meld with our award-winning eat, drink, sleep and explore philosophy.”
North east property firm, Bradley Hall will be supporting the hospitality group in sourcing and acquiring further ventures after acting on behalf of the group for its two newest acquisitions.