UK-based brewer and pub operator Hydes Brewery has unveiled plans for a multimillion-pound investment into its pub estate.
The initiative will commence with a significant refurbishment of the Abel Heywood, a pub and boutique hotel located in Manchester’s Northern Quarter.
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The establishment, which was acquired by Hydes in 2015, will undergo a complete interior makeover including new external signage, lighting and a refresh of the bar areas.
The Abel Heywood is scheduled to close on 25 February 2024 for the renovation, and will open to the public again on 9 March. Hydes is allocating £200,000 to the project.
The boutique hotel, which has a 99% occupancy rate, will continue to operate throughout the renovation period.
The investment is part of a broader, multimillion-pound programme that Hydes has planned for other key sites within its portfolio.
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By GlobalDataOther locations for investment include The Boat House at Parkgate on the Wirral, The Nursery Inn at Heaton Norris, Stockport, and The Mount Inn at Chester.
The total investment for the year will reach seven figures, including smaller-scale refurbishments across other Hydes pubs.
In 2023, Hydes dedicated £4m to its estate, with The Jolly Thresher in Lymm and The John Millington in Cheadle Hulme undergoing extensive refurbishments.
Additional investments were made in locations such as The Sam Brooks in Sale, The Golden Lion in Rossett and Alfreds in Macclesfield.
In October 2023, Hydes made its first freehold acquisition since 2015, purchasing the former police station in Heswall.
Named The Harry Beswick after the architect of the original building, this acquisition exceeded £3.6m and opened as Hydes’ newest premium pub and dining venue in November 2023.
Hydes managing director Adam Mayers said: “The Abel Heywood is a key venue and kicks off a series of investments that will see us continuing to commit to the ongoing refurbishments of all pubs in our estate. This follows significant investment programmes for the previous two years, resulting in the revitalisation of multiple sites.
“The Abel Heywood, with its adjoined 15-room boutique hotel, is a firm favourite in the city’s Northern Quarter and this investment will enable it to build on the success and reputation it has established since we first acquired it nearly a decade ago.
“Our ongoing investment in the estate not only highlights the commitment to delivering exceptional customer experience, products and services, but also underpins the integral role in the communities it serves.
“Investment in our pubs and our people is a top priority at Hydes and this will continue throughout the coming year, strengthening our offering and enhancing the overall experience for all our customers and guests.”
Hydes operates 50 pubs across a broad geographical area which extends from Lancaster in the North to Stoke-on-Trent in the Midlands and to North Wales.
The company’s portfolio includes a diverse mix of premium dining destinations and traditional community pubs.
