St Austell Brewery has added to its estate portfolio by acquiring the Wellington Hotel in Boscastle.
The Wellington Hotel is a historic coaching inn, dating back to the 16th century, with views overlooking the harbour. The site has 14 bedrooms, three aparthotel suites, a pub, and a restaurant.
The acquisition is the first in over two years for St Austell Brewery, which recently reported a strong recovery and return to profitability in 2021, despite all its sites being closed for the first four months of the year due to lockdown. The company now owns 175 pubs, inns and hotels across the West Country including 39 managed sites, and a portfolio of tenanted and leased properties.
Chief executive, Kevin Georgel, said: “This is our first acquisition in over two years, so it’s an exciting time for the business and a milestone moment in the strong recovery we’ve continued to make since the pandemic. It also supports our plans to strengthen and grow our pub estate, across Cornwall and the wider south west, in the months and years ahead.”
Jonathan Scott, who has owned the Wellington Hotel for over ten years, said: “St Austell Brewery is an independent local business with family values and great pubs and hotels, making it the most suitable guardian to take the Wellington into its next chapter. It’s really positive news for the future of the site, the team, and the Boscastle community.”