Whitbread to sell four pub restaurants
Pub restaurant and hotel operator Whitbread is selling off four of its standalone pub restaurant sites as part of its long-term strategy to only operate restaurants with hotels at the same site.
The three Brewers Fayres and one Table Table in Hampshire, Kent, Lancashire and Great Manchester, are being sold individually or as a package through Christie & Co and Gerald Eve.
Simon Hobbs, head of asset management at Whitbread, said: “It is not our intention to run standalone pub restaurants in the future as our long-term strategy is to only operate pub restaurants with a hotel alongside where we can capture the benefits of both our Premier Inn and pub restaurant brands.”
The Brewers Fayre sites up for sale are the 84-cover Nevill Crest & Gun near Tunbridge Wells, Kent; the 180-cover Down Grange near Basingstoke in Hampshire and the 220-cover Worsley Old Hall in Worsley, near Manchester.
The fourth site up for sale is the 170-cover Greaves Park in Lancashire which originally operated as a Brewers Fayre and was refurbished as a Table Table two years ago.
All sites have car parks and gardens and are being sold as a mixture of freehold and leaseholds.
Noel Moffitt, director at Christie & Co, added: “These high-quality opportunities will prove attractive to regional brewers, multiple-site operators and established local operators.”
