UK-based pub operator Young’s has acquired the Tattenham Corner pub Epsom Downs, which offers views of Epsom racecourse, from British multinational hotel and restaurant company Whitbread, The Caterer has reported.
Financial details of the deal have not been disclosed.
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Covering an area of 8,000ft², the pub is a two-storey structure with 220 covers.
Young’s chief executive Simon Dodd was quoted by The Caterer as saying: “As Young’s continues to expand its presence in the home counties, Tattenham Corner offers a great opportunity for growth as an established site in an affluent area where we are yet to make our mark.
“Whilst the site undergoes an extensive refurbishment to create a premium pub and dining destination, we are working closely with Whitbread, along with Young’s internal recruitment team, the Ram Agency, to offer roles to the existing team.”
Young’s plans to refurbish the site, which previously operated as a Beefeater.
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By GlobalDataUpon completion of the overhaul, Young’s will be including the site in its premium pubs portfolio in the area. These include the Bear in Oxshott and the Chequers at Walton on the Hill.
This acquisition will increase Young’s pub portfolio to 232 locations.
In November 2023, Young’s entered an agreement to acquire City Pubs Group for a consideration of £162m ($201m).
Young’s will purchase the entire issued and to-be-issued ordinary share capital of City Pubs.
City Pub Group investors will receive 108.75p in cash per share and the remainder in Young’s shares.
Young’s CEO Simon Dodd stated at the time: “We are excited to be announcing the proposed acquisition of City Pubs, with the full recommendation of their board.”
