Expanding hospitality and leisure operator Inn Collection Group has increased its portfolio with the acquisition of a North Yorkshire pub.
The group bought The King’s Head Hotel in tourist honey pot Newton under Roseberry earlier this year and has carried out an extensive refurbishment and re-branded the pub as The King’s Head Inn.
The work, to add a further four bedrooms and improve the pub’s dining facilities, has been completed at a cost of £400,000 in time to capitalise on the busy summer holiday period.
The King’s Head Inn joins the group’s three pubs in Northumberland – The Hog’s Head Inn in Alnwick, The Bamburgh Castle Inn in Seahouses and The Lindisfarne Inn at Beal, Holy Island and represents its first foray into North Yorkshire.
The group, headed by well-known North East hospitality and leisure businessman Keith Liddell, is focusing on a ‘buy and develop’ growth strategy over the next few years
Inn Collection Group was formed last year, backed by private equity providers Kings Park Capital and Santander Corporate to incorporate the three Northumberland pubs run by Liddell and to acquire The King’s Head Inn.
Liddell said: “Our three North East units provide more than 100 beds, making us one of the hospitality sector’s biggest pub accommodation providers in Northumberland and this acquisition allows us to spread our boundaries. We will be seeking further expansion opportunities as we continue to look at growing the group into a dominant player in the North’s hospitality and leisure market.”