Member Article
Inn Collection Group grows North East leisure portfolio with latest purchase
The Inn Collection Group (ICG) has expanded its portfolio of inns across the North East through the acquisition of The Kingslodge Hotel in Durham.
The latest purchase means the the hospitality and leisure company now operates a total of seven inns and is now conducting refurbishment at Kingslodge which will create two additional rooms.
The current separate restaurant area will also become an integral part of the new The King’s Lodge Inn as the company expands its portfolio of inns across North East England. All existing hotel employees will transfer to the new business and additional staff will need to be recruited for other areas of the business.
ICG chief executive officer Keith Liddell, said: “The acquisition of The Kingslodge Hotel is the latest step in our buy and develop expansion plan. It is the perfect addition to our group and has a great location that’s popular with tourists and locals alike.
“Its location in the historic city as well as close proximity to Sunderland and Newcastle means the unit is a popular choice for corporate customers too.
“Mixing a local, tourism and corporate offer is a key part of our strategy at our existing inns, which like The King’s Lodge Inn, share great locations and provide a homely pub atmosphere, good value bed and breakfast accommodation and serve food all-day, every day.”
Inn Collection Group chief executive, Keith Liddell, added: We are very excited about the prospect of operating a successful Inn in the historic Durham City as it joins The Inn Collection Group portfolio and it’s eat, drink, sleep and explore model.“
The Inn Collection Group also owns The Lindisfarne Inn near Holy Island, The Bamburgh Castle Inn at Seahouses and The Hog’s Head Inn at Alnwick, The Seaton Lane Inn near Seaham as well as The King’s Head Inn at Newton under Roseberry in North Yorkshire; and the soon to open Commissioners Quay Inn in Blyth.
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.