In the 2018 release of its financial results, Coaching Inn Group, which operates 15 pubs and hotels across England and Wales, posted a 17% rise in turnover to £20m, in what CEO Kevin Charity described as an ‘excellent’ year.
The report showed ‘another year of strong growth’ for the Group, with two new acquisitions contributing to the expansion and food, accommodation and liquor sales all up on 2017.
Over the last few years two new Coaching Inn sites have been acquired as part of a £50m expansion programme, including The Feathers Hotel in Ledbury in December 2017, and £3.2m invested across the estate, predominately in four locations; Admiral Rodney (Horncastle), Golden Fleece (Thirsk), Golden Lion (St Ives) and Three Swans (Hungerford).
Each of the key revenue streams have grown significantly since, with occupancy at a strong 77% across all the estate’s 431 bedrooms and the focus on quality, consistency and service paying off.
Leading from the front is Charity, who in 2007 decided to swap his pubs for hotels, selling off the wet-led assets of the portfolio which he had developed with his family since the 80s, to find success in the hotel market and streamline the business.
He started acquiring tired traditional coaching inns in market towns and revenue quickly reaped the benefits. Now the group boasts 14 properties and more than 400 rooms and has ambitions to achieve a 25-syrong portfolio of properties by the end of this year.
Coaching Inn Group