RedCat takes estate to around 100 sites with latest acquisition

09-Mar-2022 - Last updated on 09-Mar-2022 at 15:14 GMT

RedCat Pub Company has acquired the Wynnstay Hotel & Spa in Oswestry, bringing its nationally estate to around 100 sites little more than a year after first launching.

The hotel will be operated by RedCat’s subsidiary, The Coaching Inn Group, which it acquired last August.

Owned by the Woodward family for the last 30 years, the Wynnstay Hotel & Spa has 31 bedrooms, a large function suite, a modern gym, full spa and pool, a fine dining restaurant and two bars serving traditional British and continental dishes, all surrounding the historic Crown Bowling Green. The old coaching house has been converted into a modern gym and spa, while a former grocers has been transformed into the contemporary Wilsons Bar & Restaurant.

With this latest addition, The Coaching Inn Group will operate 25 historic coaching inns in market towns across the UK in areas including the Cotswolds, Peak District, Leicestershire, Staffordshire and Cambridgeshire. Since acquiring the Group, RedCat has supported Coaching Inn Group’s rapid expansion through the acquisition of seven additional sites.

“I’m pleased that our expansion is continuing at pace, following the latest addition of the Wynnstay Hotel & Spa to our estate,” says Kevin Charity, chief executive of The Coaching Inn Group.

“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.”

RedCat, an investment vehicle founded and chaired by Rooney Anand to invest in the UK pub sector, launched in February 2021 and with this latest transaction has approximately 100 pubs and pub hotels. RedCat’s strategy is to acquire quality inns, managed and tenanted pubs across the UK. It aims to provide the operational expertise and capital investment for pubs to accelerate their growth.

The company’s approach is flexible, allowing it to acquire single pub assets, all the way through to larger-scale businesses and pub companies.

“RedCat are delighted to be supporting The Coaching Inn Group as it continues to identify and run high quality pub hotels across the UK,” says Anand.

“Kevin and his team are doing an excellent job and the RedCat team are working closely with them to help drive their continued growth.”

Fleurets acted on behalf of The Coaching Inn Group.