Hawthorn Leisure, the pub company established to acquire, invest in and support pubs across the UK, has acquired a portfolio of 88 tenanted and leased public houses from R&L.
Hawthorn Leisure has also completed the acquisition of 275 public houses from Greene King. This acquisition was previously announced on 1 May 2014.
Together, Hawthorn Leisure has now acquired a total of 363 tenanted and leased pubs, which are 98 per cent freehold, including 201 in the Southeast, Midlands, East and West of England, 131 in Scotland, and 31 in other parts of the United Kingdom.
Working in partnership with tenants
Hawthorn Leisure’s strategy is to work in close partnership with its tenants, providing management support and capital investment to help them drive growth and maximise the potential of their pubs.
Gerry Carroll, Chief Executive of Hawthorn Leisure, said:
“Hawthorn Leisure’s strategy of supporting and investing in its tenants provides a fantastic opportunity for these pubs. Our experienced team is fully committed to working in close partnership with the tenants of both the R&L and Greene King pubs and we are delighted to welcome them all to Hawthorn Leisure.“
Hawthorn Leisure is backed by Avenue Capital Group, May Capital LLP and management. The terms of the R&L acquisition have not been disclosed.
About Hawthorn Leisure
Founded in 2014 and backed by Avenue Capital Group and May Capital LLP, Hawthorn Leisure is an innovative new pub company with a clear strategy to acquire tenanted and leased public houses around the United Kingdom considered to be “non-core” or earmarked for disposal by their current owners.
Hawthorn Leisure’s experienced management team, led by its Chief Executive Gerry Carroll, is uniquely placed to use its resources to provide a high level of management and capital support to Hawthorn Leisure’s tenants, with the clear objective of helping tenants to maximise and fulfil the full potential of their pubs.
Hawthorn Leisure has negotiated supply agreements with most leading brewers and has partnered with Matthew Clark, a leading national drinks wholesaler, to provide beer, wine, spirits and minerals supply and distribution services and with County Estate Pubs to provide back office support.