The 23-bed Grade II listed building is the town’s oldest inn, and was until recently part of the Tattershall Castle Group which was in administration. The property, which dates from 1703, has retained many period features including the vaulted gallery in the main bar which originally would have been around the carriage archway.
The West Sussex-based South Coast Inns is run by Chris, Delia and their son Sam and was formed following the sale of the Chapman Group in November 2016. The Chapman Group formerly owned and managed 28 hotels and pubs in the south of England and was sold to Dominion Hospitality, an affiliate of Stellex Capital Management, a private equity group that invests in middle market companies, in a deal also brokered by Christie & Co.
Anthony Jenkins, Associate Director at Christie & Co comments, “We were delighted to assist Chris and Delia in the expansion of South Coast Inns’ portfolio. The market is currently strong for pubs with rooms with many parties – from growing multiple operators to first-time entrants – keen to acquire.
“We’re sure they’ll make a great success of their latest acquisition and wish them the best of luck for the future.”