Coaching Inn Group acquires the Rutland Arms in Bakewell

13 February 2020 by
Coaching Inn Group acquires the Rutland Arms in Bakewell

The Coaching Inn Group has continued its buying spree with the acquisition of the 33-bedroom Rutland Arms hotel in Bakewell, Derbyshire.

The company now has 17 properties as it moves towards its target figure of 20 sites.

In December 2019 the group announced that a £22m refinance package with equity partner BGF would help support further acquisitions. Soon after it snapped up the 22-bedroom Bell Inn in Stilton, Cambridgeshire.

Kevin Charity, chief executive of the Coaching Inn Group, said: "The Rutland Arms is a fantastic addition to our business and we are very excited about returning it to its former glory.

"Its location right in the centre of one of the UK's busiest tourist towns provides us excellent opportunities to develop our premium offering through the rooms, dining and coffee shop areas of the business."

A refurbishment of the hotel will start later this month as part of an initial £750,000 investment in the property. Located in the heart of the Peak District National Park, the property dates back to 1804.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking