Tue, 25 Oct 2022 | BUSINESS SALE
Newcastle-based hotel operator the Inn Collection Group has continued its acquisitive growth with a deal for the St Kilda Hotel in Llandudno, Wales. The acquisition of the 60-room hotel takes the group’s locations in North Wales to three and its overall total across the UK to 33.
The deal is the group’s sixth of the year so far, with its continuing acquisitive activity in Wales representing an expansion of its buy-and-build growth strategy beyond its traditional market in the North and North East of England.
The Inn Collection Group has seen rapid growth over recent years, with the disruption that COVID-19 caused to the UK hotel sector helping it complete a flurry of takeovers since 2020, initially focusing on Northumberland, the Lake District, Tyne & Wear, County Durham and Lancashire.
The St Kilda Hotel dates back to 1854 and is located between the Great Orme and Little Orme headlands, overlooking Llandudno Bay. The hotel, which has operated under family ownership for the past 21 years, joins the group’s other North Wales sites: The Bull in Beaumaris and the Swallow Falls Hotel in Betws-y-Coed.
Inn Collection Group Managing Director Sean Donkin commented: "We are absolutely delighted to be bringing The St Kilda Hotel into our pubs with rooms family and continue our expansion into Wales.”
"What sets The Inn Collection Group aside is the exceptional locations of our trading environments and their beautiful outdoor localities and The St Kilda is a perfect match. It's of the correct size to enhance our presence in the area and we're thrilled to be having it join our existing coastal properties that delight guests in the North East, North Yorkshire and the Lake District."
Tom O’Malley, Associate Director – Hotels at Christie & Co., who assisted on the acquisition, said: "I've been in contact with the owners of St Kilda for a few years, yet we never felt the market was right to sell. However, having now worked with The Inn Collection Group on several deals and understanding what they are after, I knew it would be the perfect fit for their growing estate and approached them confidentially."
Pre-acquisition due diligence was carried out by Neil Hart, Group Managing Director of Bradley Hall, who added: "We have a longstanding relationship with The Inn Collection Group and being able to offer them continuous support through their ever-expanding portfolio of hospitality venues is always a pleasure.”
"We are thrilled to be part of the extensive period of growth The Inn Collection Group is experiencing across Wales through securing a third site, and I am very much looking forward to continuing our partnership on upcoming projects."
Read more about the recent surge in UK hotel M&A.
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