OakNorth, the bank for entrepreneurs, by entrepreneurs, has provided The Inn Collection Group – one of North East England’s top leisure operators with seven sites across Northumberland, County Durham and Teesside – with finance to fund their expansion.
Established in 2006, The Inn Collection Group has become a market leader in developing contemporary inns providing accommodation, food and drink to leisure and business customers. It currently has 215 rooms across its seven sites, but plans to increase this to almost 300 by 2020 with the OakNorth lending.
In addition to opening an eighth inn later this year – a 30-bedroom inn in Amble, Northumberland – the business has added another 13 rooms to The Bamburgh Castle Inn, The Annex, and has refurbished the Seaton Lane Inn that has recently reopened. The group’s growth map also includes the addition of 29 new rooms at its popular Durham city centre operation, The Kingslodge Inn.
The Inn Collection Group’s Managing Director Sean Donkin, said: “Over the last half decade, we’ve embarked on a ‘buy and build’ growth strategy that has seen us become one of the largest private providers of accommodation in North East England. Over the next three years, we will continue to develop and seek out new premises, focusing on sites that fit with our philosophy and the continual evolution of our group, offering high-quality accommodation at value for money prices. Raising funds from OakNorth will pave the way for us to drive these growth plans and focus on the immediate expansion of our pubs with rooms model.”
Stuart Blair, Debt Finance Director at OakNorth, said: “The UK’s hotel industry has seen annual growth of three percent for the last five years, boosted by major events such as the London Olympics, the Royal Wedding, and the Rugby World Cup. The Great Exhibition of the North which is currently underway is expected to give the region’s tourism a further boost, attracting approx. three million people and one million from across the UK.
“The management team at The Inn Collection Group is in a prime position to take advantage of this – we were impressed by their business model, the operational experience of Sean, Keith Liddell and the wider team, as well as the quality of each site. The team have a plan to grow the group by expanding into new sites and locations, and we look forward to working with them to support this.”
Image: Bamburgh Castle Inn, Seahouses
Published: Wednesday 27/06/2018
By Visit Northumberland
Named after the Inn in Harry Potter books, The three star Hog’s Head Inn is just a short drive from Alnwick Castle – or Hogwarts in JK Rowling’s tales of the boy wizard and his friends – and the famous Alnwick Gardens and Treehouse. Offering exceptionally good food, free Wi-Fi and plenty of parking, The Hog’s Head Inn is a brand new place to eat, drink, sleep and explore.
Opening its doors in time for the Tall Ships arrival in the Port of Blyth, the sleek new Commissioners Quay Inn is the jewel in the crown of Blyth’s impressive harbour development. Maximising every inch of its water’s edge location, enjoy unbeatable sea views, all day, every day dining and contemporary en-suite bedrooms. The Commissioners Quay Inn is the place to eat, drink, sleep and explore from.
We're open all day, from 7.30am until 9.00pm serving homemade breakfasts, light bites, lunches and evening meals. Our food is homemade and freshly cooked to order.
A cracking selection of local real ales, quirky craft beers, delicious wines, spirits and speciality teas and coffees.