The Albion hotel was acquired closed, but Bravo has invested in an extensive refurbishment of the property following on from a successful track record of turning around heavily underperforming pubs.
"We’re delighted to have passed this milestone and the name of our new acquisition is fitting given the tremendous support we’ve received from Albion over the years,” said Ken Buckley, Bravo Inns’ managing director.
“Our approach shows how well managed wet-led pubs can combine commercial success with the ability to play a key role in supporting their local community. With Albion’s continued support we are looking to expand our portfolio over the coming months and have a strong pipeline of potential sites that are set to enhance our estate.”
Bravo was formed in 2007, backed by Albion Ventures. For the sites acquired over the past two years, Bravo has generatde blended returns on capital of over 20 per cent.