RedCat Pub Company acquires 2 new hotels
RedCat has grown strongly since inception in February 2021, having acquired over 100 pubs and pub hotels, amounting to an estate of over 1,000 rooms
RedCat, an investment vehicle founded and chaired by Rooney Anand to invest in the UK pub sector, has acquired The Pheasant Hotel and Blakeney Manor Hotel on the North Norfolk Coast.
These are the ninth and tenth acquisitions by The Coaching Inn Group under RedCat ownership since August 2021 and brings the number of pub hotels owned by The Coaching Inn Group to 28.
The Coaching Inn Group operates in market towns across the UK, in areas including the Cotswolds, Peak District, Leicestershire, Staffordshire, and Cambridgeshire.
The Pheasant Hotel is a “luxury country house” hotel Located in Kelling on the North Norfolk Coast, featuring 32 bedrooms that were entirely renovated in 2013.
Blakeney Manor, a Grade II listed property, is situated nearby on the North Norfolk coast. Parts of the property date back to the 16th Century, which were extended before forming a hotel in the 1960s.
RedCat has grown strongly since inception in February 2021, having acquired over 100 pubs and pub hotels, amounting to an estate of over 1,000 rooms.
RedCat said its strategy is to acquire quality inns and “provide the operational expertise and capital investment pubs need to get back on their feet and accelerate their growth”, as the sector recovers from the pandemic.
Kevin Charity, chief executive of The Coaching Inn group, said: “I’m proud to have reached the milestone of our tenth acquisition since obtaining RedCat’s support last August. With these acquisitions, we’re focusing on targeting the active tourism market in North Norfolk and I’m looking forward to building a very attractive portfolio.”
Rooney Anand, executive chairman of RedCat, said: “With our support, the Coaching Inn Group team has done a great job, focusing on running high-quality pub hotels across the country which will offer customers the best possible service and good value. North Norfolk is a jewel in the UK’s tourism crown and I look forward to catering to international travellers and staycation destination customers who want to experience the area.”
