Two UK Hotels Sold to Young’s for £11.6m

Date: April 2018

Location: Chertsey, Surrey & Teddington, Middlesex – UK

Name: The Bridge, Chertsey & The Park, Teddington – both three star

The Park Hotel

No. of Keys: The bridge – 51; The Park – 43

Seller: Galleon Hotels, represented by Savills. Galleon had just three hotels, so they are left with The Thames Riviera with 52 rooms, at Maidenhead and The Olde Bell at Hurley, with 48 rooms.

Buyer: Young’s Brewery – Young’s Hotels is a collection of 23 hotels and pubs across the UK, based primarily in London but stretching out to the west, including spots in the Cotswolds and the West Country.

Charles Allen Young and his partner Anthony Forthergill Bainbridge started a brewery and pub company, in 1831. Taking over The Ram Brewery, and beginning with five pubs (The Castle, Isleworth; Hare & Hounds, East Sheen; Green Man, Putney; Brewers Inn, Wandsworth; and The Coach & Horses, Kew), they start one of London’s most successful pubs groups.

They stopped brewing beer at the famous Ram Brewery in 2006, eventually selling the JV with Charles Well Co. in 2011.

The Ram Brewery was home to TV’s MasterChef kitchen between 2011 and 2014. They now have 181 managed pubs and 74 tenanted ones.

Young’s acquired Geronimo Inns, in 2010 for £60m from Penta Capital and Rupert & Jo Clevely

THPT Comment: 255 pubs and just 23 with rooms…some way to go, but Young’s probably started the concept of adding hotel rooms to pub in a fairly serious way, other than Whitbread who added whole hotels to their pubs!

First Seen: Britten’s Info