The Exchange Coach House Inn and Tavern in central Brigg has been acquired by the Hunt Group.
The historic Exchange Coach House Inn along with the Exchange Hotel and Exchange Tavern have been closed since 2020 and will be remodeled, refurbished and fitted out by their property development company before reopening later this year.
Robert Smithson, associate director of the Colliers Hotel Agency, advised Joseph Mullen on the sale after almost four decades of ownership, marketing the central Brigg complex for offers of around £950,000.
He said: “We are delighted to have advised Mr. Mullen who has successfully led the business for the past 38 years. This sale highlights the strong interest in UK regional hotels and in particular those which present a new owner with significant opportunities to grow business in this post-pandemic market. »
Situated in much of central Brigg, the property offers 42 en-suite bedrooms as well as substantial public areas including four bars, two restaurants, several function/meeting rooms and an outdoor seating area at pleasant architecture. The original Grade II* listed property was officially a gentlemen’s club built around 1760 and was frequented by a number of local dignitaries as well as Winston Churchill during the Second World War.
Shaun Hunt, Hunt Group CEO, said: “The Hunt family is absolutely delighted with this acquisition and becoming the new stewards of this important hotel and restaurant complex in the very heart of the historic market town of Brigg.
“It’s the family’s birthplace and we are committing to a very significant investment on the entire site. While the ‘vibe’ in Brigg is already good, we will strive to make it even better, hoping to make Brigg the place to go in North Lincolnshire.
“This will undoubtedly require the help, support and combined efforts of all local businesses, including all existing and new food and beverage operators. Plans for our own site currently include a gym and live entertainment, a large restaurant with gin bar, a more traditional pub bar, and fully refurbished and updated en-suite bedrooms.