Coaching inns operator the Bulldog Hotel Group, which owns the Three Swans Hotel in Market Harborough,has secured a £4.5million investment from the Business Growth Fund to support its planned £20m expansion across England.
The business operates seven hotels and will use the capital injection to double the number of properties in its portfolio over the next three to four years.
Bulldog specialises in finding high-quality coaching inns and revitalising their offer across food, drink and accommodation to attract tourists and local and business trade.
With annual sales in excess of £10m, the group has capitalised on the growth of the UK dining-out market, which is estimated to have doubled over the past 12 years, supported by an increasingly buoyant hotel market, which is forecast to reach record levels tin 2015.
Managing director Kevin Charity is now looking to acquire more properties .
He said: “We have ambitious plans for the next few years, centred on finding and acquiring the right estates in the right locations, and sensitively restoring them in line with the character of local surroundings.”