Surrey pub adds to Heartwood expansion
Heartwood Collection has acquired The Manor Inn from Whitbread Plc.
As it continues its growth through a string of freehold acquisitions, hospitality group Heartwood Collection has acquired another pub in The Manor Inn, Godalming, from Whitbread Plc.
The acquisition will see the former Beefeater, 16-bedroom site renamed as The Ragged Robin in a nod to the location and will undergo a multi-million pound refurbishment to create a further three bedrooms, 150 internal covers and 100 external covers.
The work will see the creation of a pub to the front and an extended dining room to the rear overlooking the extensive garden, which backs on to the River Wey.
"We’re delighted to have been able to acquire this fantastic pub in Godalming from Whitbread," says Richard Ferrier, CEO of Heartwood Collection (pictured). "Having looked for an opportunity to open in Godalming for a long time, we are delighted to have found such a beautiful location on the River Wey. We plan to transform both the pub and the rooms with the aim of creating something very special."
Growing and growing
The acquisition of The Ragged Robin continues Heartwood’s growth plan to grow to more than 60 sites with a turnover of £133m by 2027. Backed by Alchemy Partners, the group recently secured an additional £100m of funding from Alchemy and its banking partner, OakNorth Bank.
Located in Godalming, Surrey, The Ragged Robin site dates back to the 18th century and was originally a tannery. Over the years it became a private residence before becoming a hotel in the 1930s. The purchase follows Heartwood's recent acquisition of The Old Crown in Great Bookham and will become the group’s second pub with rooms in Surrey, following the opening of The White Horse in Dorking earlier this year.
You may also be interested in…
