RedCat Pub Company acquires two new sites

RedCat Pub Company, an investment vehicle founded to invest in the UK pub sector, has announced its acquisition of The Meynell Ingram Arms and The Cock Inn Mugginton from Berkeley Inns Limited. The Meynell Ingram Arms Hotel was re-opened by Berkeley Inns in 2019. This historic Staffordshire pub was closed for over five years and the property has undergone a “major but sympathetic” refit and redesign. The traditional pub bar remains very much at its heart, complemented by modern dining areas. In addition, the transformed Sam’s bar has reportedly become an on-trend bar and restaurant showing major sporting events. The new offering provides casual, relaxed dining, with a diverse menu throughout the various dining areas, as well as a redesigned courtyard and garden. The Cock Inn, at Mugginton in Derbyshire, was reopened in 2016, having been extended and renovated. Berkeley Inns is said to have transformed the property into a "first-class" traditional pub with a modern cutting edge. Since its re-opening, the inn has reportedly been in demand from the public and has over 120 dining covers, serves up to 2,000 freshly-made meals per week, and receives "outstanding feedback" from customers. RedCat has reported strong growth since its inception in February 2021, having acquired over 100 pubs and pub hotels, now amounting to a hotel room estate of over 1,200 rooms. It is reported that the group’s strategy is to acquire quality inns, managed and tenanted pubs across the UK and provide the operational expertise and capital investment pubs need to get back on their feet and accelerate their growth, as the sector recovers from the pandemic. The company’s approach has been described as “highly flexible”, allowing it to acquire single pub assets all the way through to larger-scale businesses and pub companies. Howard Thacker, MD of Berkeley Inns, said: “We acquired the Meynell and Cock Inn when both had been closed for 5 and 10 years, respectively and following much renovation and extension, gave them new life. Both are now fantastic and bustling pubs serving their local communities and visitors from afar. “We’re very sad to see them leave the Berkeley Inns family but are confident RedCat will do a fabulous job continuing or surpassing their current success. Berkeley Inns will now seek new acquisitions in the Midlands and London area and continue to grow the business ” Rooney Anand, executive chairman of RedCat, said: “RedCat continues to go from strength-to-strength, and I’m pleased we’ve added The Meynell Ingram Arms and The Cock Inn to our growing portfolio. “The team is continuing to source high-calibre sites in excellent locations as we build out our estate of leading pubs and pub hotels.”