The Coaching Inn Group secures £5m acquisition of two North Yorkshire inns

The Coaching Inn Group has secured a duo of acquisitions as the independent coaching inn specialist continues its £20m expansion programme.

The off-market deal, worth more than £5m, sees the Group purchase two North Yorkshire Inns, The Golden Fleece in Thirsk and The Feathers in Helmsley, from Homfray Hotels, bringing the Coaching Inn Group estate to ten sites and more than 300 bedrooms.

Kevin Charity, founder and managing director, said: “Awareness of our acquisition plans is enabling us to have a number of off-market meetings in the coaching inns sector. This deal was the result of one of those discussions and fits perfectly with our expansion plans.

“The Golden Fleece is a famous coaching inn, steeped in history, whilst The Feathers is an extremely popular traditional inn in the busy market town of Helmsley, both at the gateway to the beautiful North Yorkshire Moors.

“We plan to invest in both sites in the New Year, but for now we look forward to working with the existing, highly successful management teams. We’ll be investing across accommodation, food and beverage, and adding to what is already a very well supported offering.”

The Coaching Inn Group operates individually styled coaching inns, each with an all-day offer, across the UK.

Property search firm PH Land and Developments acted as agents on the transaction for the Coaching Inn Group.