Stonegate Pub Company has acquired three London sites from pub, bar and hote group, Faucet Inn, boosting its portfolio to 693 sites.
The three sites are: Catcher in the Rye, Finchley, the College Arms in Fitzrovia (pictured), and Compton’s in Soho. Two sites have been bought leasehold, while one is freehold.
Stonegate’s chief executive, Simon Longbottom, said the deal will further consolidate the group’s position as a leading high street, managed pub operator in the UK.
He continued, ‘This portfolio of pubs from Faucet Inn is an excellent bolt-on acquisition for Stonegate and further strengthens our presence in some key trading locations, enhancing our pub estate in Greater London.
‘We have a strong track-record in integrating, investing in and maximising value from the acquisitions which we make and have every confidence that these pubs – and the teams within them – will thrive under Stonegate’s ownership. I look forward to welcoming our new colleagues into the enlarged group.’
The new acquisition follows Stonegate's recent purchase of ten JD Wetherspoon sites, as well as 30 bars from Intertain in December.