Register to get 3 free articles
Register to unlock the article and receive our free newsletter. Join 26,000 other hotel leaders and stay in the know.
Want unlimited access? View Plans
Already have an account? Sign in
Home Grown Hotels has revealed that profits fell to £1.3m for the year ended 31 December 2022, down from £1.7m in 2021.
The company has put this decrease down to an increase in costs including staff wages, rates and utilities.
This comes despite the fact the company’s turnover increased to £51m up from £35m in 2021.
The company’s average occupancy was 91% and its average restaurant covers was 1,445.
Home Grown Hotels was acquired by an investment fund managed by KSL Capital LLC in March 2022.
This deal came as a result of Ineos founder Sir Jim Ratcliffe selling his 50% stake in the business.
Home Grown Hotels is the parent company of The Pig Hotels which has eight properties located in the countryside throughout southern England.
