RedCat estate tips over 100 sites
The latest addition in Oswestry, Shropshire will be operated by RedCat subsidiary The Coaching Inn Group, which was acquired last August.
This means The Coaching Inn Group will now operate 25 inns located in market towns across the UK including the Cotswolds, Cambridgeshire, the Peak District, Leicestershire and Staffordshire.
It also includes the purchase of the Crown Hotel in Boroughbridge, North Yorkshire last month (February).
Since the deal, RedCat has supported the Group’s rapid expansion with the acquisition of seven sites.
Property history
The Grade II-listed Wynnstay Hotel & Spa was owned by the Woodward family for the past three decades and has 31 bedrooms, a large function suite, modern gym, full spa and pool, a fine dining restaurant and two bars that serve traditional British and continental food.
The old coaching house was converted into a modern gym and spa while a former grocer was changed into the Wilsons Bar & Restaurant.
The Coaching Inn Group chief executive Kevin Charity said: “I’m pleased our expansion is continuing at pace, following the latest addition of the Wynnstay Hotel & Spa to our estate.
“RedCat’s support is bearing fruit and we’re working hard to keep our momentum going and expand our estate of historic coaching inns further in the coming months.”
After it was launched in February 2021, RedCat purchased 42 pubs from Stonegate Pub Company for an undisclosed sum in March last year.
RedCat strategy
The company strategy is to acquire quality inns, managed and tenanted pubs across the UK. It aims to provide the operational expertise and capital investment pubs require to get back on their feet and accelerate growth as the sector recovers from the pandemic.
The business stated its approach is flexible, meaning it is able to acquire single pub assets through to larger scale businesses and pub companies.
Executive chairman Rooney Anand said: “RedCat is delighted to be supporting The Coaching Inn Group as it continues to identify and run high quality pub hotels across the UK.
“Kevin and his team are doing an excellent job and the RedCat team are working closely with them to help drive their continued growth.”
Property agent Fleurets acted on behalf of The Coaching Inn Group to secure the purchase of the latest site.
Fleurets divisional director Monique Royle said: “It is a place very dear to me, being the place where my parents first met.
“I know the business will be in safe hands and continue to go from strength to strength under The Coaching Inn Group brand.”
