Lincolnshire-based hotel operator, The Coaching Inn Group has reported annual results showing a 60% uplift in profits to £1.3m, and an increase of 29% in sales to £13m.
The group, which operates 10 regional hotels, saw EBITDA rose 35% to £2.7m in the year to March 2016. Food and beverage accounted for 69% of the company’s turnover.
Edward Walsh, group finance director, said, “We continue to see benefits, both from our acquisitions and our investment in established sites, particularly in relation to our hugely popular Eatery and Coffee House concept.
'We’re ahead of our acquisition plan, with four new sites acquired in the past 12 months and with terms agreed on a further two sites, we’re on track to reach our target of 15 sites before the end of the year.”