JW Lees pushes ahead on expansion plans with two hotel acquisitions

the stanneylandsMANCHESTER brewer and pub operator JW Lees has continued its expansion strategy with purchase of two hotels in the North West.

The Stanneylands in Wilmslow was bought off an asking price of £6.25m from The Mere Group which acquired the property in 2015 and completed a £1.7m refurbishment two years later.

William Lees-Jones, managing director of the sixth-generation JW Lees said: “When we saw that Stanneylands was available, we immediately knew that it would be a great asset for us to acquire.

“We now have 287 bedrooms under company management across 12 sites and our Hotels and Inns Division is an increasingly important part of our business.”

Ryan Lynn, Director at Christie & Co’s Manchester office who handled the sale, added: “We were very happy to work with the Mere Group to sell Stanneylands and found JW Lees to be a great and straight forward buyer to deal with.

“From the start, the hotel was marketed on a very confidential basis with a view to maximise the sale price, but also with a goal to achieve a quick deal.

“With a fast and effective marketing campaign, we introduced several buyers, received multiple bids and completed on the deal within a couple of months of it being agreed.”

JW Lees has also purchased The Boddington Arms at Samlesbury, Lancashire, from Greene King in a deal brokered by leisure property specialist Fleurets.

It is closed for a complete £1m-plus refurbishment to re-open in April as The Bluebird Inn at Samlesbury, named after Donald Campbell’s world-record breaking Bluebird K7 boat whose turbo-jet engine was built at the local BAE factory.

David Sutcliffe of  Fleurets’ Manchester office said: “This is the fourth site JW Lees have purchased through Fleurets in the past 12 months. It is always a pleasure to work with JW Lees and we wish them the best with their new sites.”

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