An Mor hotel in Bude, Cornwall has been sold to the owner of the Banwell House Pub Company, described as the group’s ‘most significant purchase to date’. According to their website:
Banwell House Pub Company Ltd was founded by Toby Brett in 2010. Having worked as the regional manager of the South West for Greene King and as a Tenanted Trade Manager for Wadworth Toby has developed a thorough understanding of the hospitality industry. It was this expertise which led him to purchase struggling freehold pubs and turn them into money-making businesses.
The Boutique Hotelier reported the deal saying:
The 27-bedroom hotel, which also comprises a two-bedroom apartment, bar, restaurant and gin school room, has been owned by its previous occupants since 2014, who transformed the business from a dated coaching inn which traded as the Hartland Hotel into a popular destination property by the coast.
In a deal spearheaded by Christie and Co, the business has been purchased by Toby Brett who also owns the Banwell House Pub Company which was established in 2010 for buying and repositioning freehold properties.
The group currently operates seven pubs in the South West: Victoria Pub & Kitchen Bath, Three Horseshoes, Chapmanslade; Rose and Crown Trowbridge; Rose and Crown Bath; New Inn; Holcombe Farmshop & Kitchen and the Brewery Inn.
An Mor is rather different to the company’s usual purchases, but Toby Prett believes Cornwall’s growth looks set to continue.
The Boutique Hotelier article says:
We plan to move the hotel further towards the family market, carry out some scheduled maintenance and see what the next 12 months brings.
An Mor hotel was sold for an undisclosed price.