SUBSCRIBE

News > Business

News in brief

Bravo Inns acquires the Albion hotel for 30th pub

By Luke Nicholls , 16-Aug-2012
Last updated the 16-Aug-2012 at 12:08 GMT

Related topics: Business, Venues, Pubs & Bars

Bravo Inns, an operator of wet-led community pubs in the North West of England, has acquired its 30th site at the Albion Hotel in Clayton-le-Moors, Accrington.

The Albion Ventures-backed Bravo Inns has a successful track record of turning around heavily underperforming pubs

The Albion Ventures-backed Bravo Inns has a successful track record of turning around heavily underperforming pubs

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. 

Property of the week

THE DERBY ARMS

£195,000.00 - Freehold

Substantial freehold traditional freehouse on edge of Ramsgate town centre. Very well presented ‘L’...