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 refurbished, renovated and fitted out by their property development business ahead of re-opening later this year.
Robert Smithson, associate director of Hotels Agency at Colliers advised Joseph Mullen on the sale after almost four decades of ownership, marketing the central Brigg complex for offers in the region of £950,000.
He said: “We are delighted to have advised Mr Mullen who successfully operated the business for the last 38 years. This sale highlights the strong levels of interest in regional UK hotels and in particular those which present a new owner with significant opportunities to grow trade in this post-pandemic market.”
Located across a large proportion of central Brigg, the property offers 42 ensuite bedrooms plus substantial public areas including four bars, two restaurants, several function/meeting rooms and an architecturally pleasing alfresco courtyard seating area. The original grade II* listed property was formally a gentleman’s club built in around 1760 and has been frequented by a number of local dignitaries as well as Winston Churchill during World War II.
Shaun Hunt, CEO of the Hunt Group, said: “The Hunt family are absolutely delighted with this acquisition and becoming the new custodians of this sizeable hotel and food and beverage complex in the very heart of the historic market town of Brigg.
“This is the family’s home town and we are committing ourselves to a very significant investment throughout the site. Whilst the ‘vibe’ in Brigg is already good we shall strive to make it even better, hopefully making Brigg the place to go in North Lincolnshire.
“This will undoubtably require the help, support and combined efforts of all local businesses, including all existing and new food and beverage operators. The plans for our own site currently includes a sports and live entertainment venue, large restaurant with gin bar, a more traditional pub bar, plus fully refurbished and updated ensuite bedrooms.”