Prego restaurants owner in hotel switch

By Becky Paskin

- Last updated on GMT

Related tags: Inn, Milton keynes

Prego restaurants owner in hotel switch
The owner of the Midlands restaurant chain in talks for sale of Wolverton hotel after acquiring new hotel site in Woburn

The owner of the Prego chain of restaurants in the Midlands is switching around his assets with the sale of the Roman Rooms Hotel in Wolverton and the acquisition of The Magpies Hotel in Woburn.

Simon Chapman, who currently owns the Prego​ restaurants chain in Newport Pagnell, Market Harborough and Buckingham secured the 11-bedroom Magpies Hotel, restaurant and bar for an undisclosed sum, after the leasehold interest was offered for sale at an asking price of £150k.

Formerly a 17th Century coaching inn, and situated in the heart of the Hertfordshire village of Woburn, The Magpies Hotel​ contains a 26-cover restaurant and a beer garden that can cater for up to 40 guests. Chapman is currently in the throes of refurbishing the site, which estate agents Christie & Co say has “shown growth over the past few years.”

The acquisition comes before the sale of the 10-bedroom communal-style Roman Rooms Hotel​ in Wolverton has been finalised, although a spokesperson for Christie & Co​ told BigH that an offer has been made and a deal has been underway for ‘quite some time.’

Related topics: Business


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