The Inn Collection Group has secured £125m in finance from HSBC to increase its portfolio through the acquisition of leisure sites across the country.
With the HSBC UK funding, The Inn Collection Group has plans to grow its footprint to more than 40 locations over the next 5 years.
After reporting turnover of £83.9m in 2024, The Inn Collection Group is targeting double digit growth through this 5-year plan. This growth will support an expansion of its workforce from 1,300 to more than 2,000 employees across a range of roles.
Joe Bernhoeft, chief financial officer at The Inn Collection Group, said: “Staying true to our roots, we always aim to celebrate traditional British pub culture whilst providing comfort and welcoming spaces across the country. We are looking forward to this next stage of company growth as we continue to expand across the UK and provide sites that are warm and full of character.”
Stephen Smith, relationship director at HSBC UK, added: “We’re pleased to welcome The Inn Collection Group to HSBC UK and to provide a tailored financing package that supports the business and its management team in achieving their growth ambitions in the years ahead. This transaction further reinforces HSBC UK’s commitment to supporting the UK hospitality sector.”
The group currently operates 31 premises across Northern England and North Wales including The Harrogate Inn, The Black Swan, Helmsley and The Angel Inn in Bowness. In 2022, the group was acquired by a company backed by The Harris Family Trust.
