Stratford Site Sold to Brakspear
November 2, 2015
On behalf of City Pub Co East, DCL has sold the Church Street Townhouse in Stratford-Upon-Avon to Brakspear.
This is the sixth managed site for Brakspear, who secured the investment for £2.85 million from Clive Watson, chairman of City Pub Co as part of the companys focus on developing hubs in key locations.
Brakspear now plans to trade the 400-year-old Grade II listed building, which comprises two bars and 12 en¬suite rooms, in its current format, whilst aligning the premises with its other managed pubs. It will reopen 2016.
The Townhouse is the second addition to Brakspears managed estate this year, following the acquisition of the George Hotel in Shipston-on-Stour in May, and the company is reportedly looking for more suitable sites to expand the division further.
Brakspears first managed pub, the Bull on Bell Street in Henley-on-Thames, opened in March 2013, followed by the Porch House in Stow-on-the-Wold, the Running Horses in Mickleham, Surrrey and the Chequers in Marlow.
Davis Coffer Lyons acted for City Pub Co. AG&G acted for Brakspear.