RedCat acquires the White Horse Hotel
The White Horse Hotel is a 600-year-old former coaching inn which has been extended to provide attractive accommodation.
The Grade II-listed building provides 29 en-suite letting bedrooms with extensive bar, restaurant, private dining and lounge space. The Stables have been developed t provide a large function facility for 100 guests.
Savills head of licensed leisure Kevin Marsh said: “The demand for well-located pub and hospitality assets continues to be robust and this latest transaction shows great confidence in the market. The asset received interest from a wide range of buyers, and we are delighted to complete a deal with RedCat.”
Steeped in history
The pub is situated in Romsey’s city-centre, a market town renowned for its association with the Broadlands Estate which is Lord Mountbatten’s former home.
The venue has a dominant position in Market Place and is surrounded by a number of historic buildings, including Romsey Abbey.
In November, RedCat expanded its estate with the addition of six further sites including the Manor House Hotel in West Bexington, the King William IV in Norfolk, the Green Man in Bedfordshire and the Green Man in Herefordshire.
Furthermore, it also bought the Royal Wells Hotel in Tunbridge Wells and the Conningbrook Hotel in Ashford, both in Kent, from Shepherd Neame for £5.75m.
Expanding estate
RedCat made its first acquisition in March this year with 42 pubs from Stonegate. The majority of the sites were in the south east (25), with 11 sites in the north of England, two in the Midlands and four in Wales.
Following this, it acquired the New Dungeon Ghyll in Great Langdale in August, and only a week later, the company announced they would acquire the Coaching Inn Group.
RedCat continued to expand its estate through the purchase of the Saint Arnold pub group, including the Five Bells in Colne Engaine and the Lion in Earls Colne.
