The Inn Collection Group has added the “landmark” Cumbrian coaching inn The Swan in Grasmere to its portfolio.
The historic 38-bedroom property in the heart of The Lake District will continue trading before the group begins a “major” redevelopment of the site, which will reopen under its ‘eat, drink, sleep and explore’ pubs with rooms brand.
The Inn Collection Group’s managing director Sean Donkin said: “We are absolutely thrilled to have added this superb venue to our collection. We’re looking forward to investing significant capital into realising the full potential of this phenomenal site for the community of Grasmere and visitors to the Lake District alike to eat, drink, sleep and explore from.
“We have a proven track record in repurposing and enhancing historic inns and we’re looking forward to turning our attention to The Swan as we continue to widen our customer base, group presence and visibility across the north of England.”
The Swan is The Inn Collection Group’s fourth site.
The Inn Collection Group were advised by Newcastle-based law firm Ward Hadaway on the transactions, with Jones Lang Lasalle on pre-acquisition diligence, alongside Clive Owen LLP.