UK-based Young’s, a pub operator, has acquired the Tattenham Corner pub in Epsom Downs, renowned for its views of the Epsom racecourse. The purchase was made from Whitbread, a British multinational hotel and restaurant company, according to The Caterer.
The specifics of the transaction’s financial terms remain undisclosed.
Spanning 8,000 square feet, the pub is a two-story establishment with seating capacity for 220.
Young’s chief executive Simon Dodd was quoted by The Caterer as saying, “As Young’s continues to expand its presence in the home counties, Tattenham Corner offers a great opportunity for growth as an established site in an affluent area where we are yet to make our mark.
“Whilst the site undergoes an extensive refurbishment to create a premium pub and dining destination, we are working closely with Whitbread, along with Young’s internal recruitment team, the Ram Agency, to offer roles to the existing team.”
Young’s plans to refurbish the site, previously operated as a Beefeater.
Once the renovation is finished, Young’s will incorporate the site into its premium pubs portfolio in the region. This collection includes the Bear in Oxshott and the Chequers at Walton on the Hill.
The addition of this acquisition will expand Young’s pub portfolio to a total of 232 establishments.
In November 2023, Young’s reached an agreement to acquire City Pubs Group for a total consideration of £162 million ($201 million).
Young’s is set to acquire all the currently issued and future ordinary share capital of City Pubs.
Investors in City Pub Group will receive 108.75p in cash per share, with the remaining portion provided in Young’s shares.
Young’s CEO Simon Dodd stated at the time, “We are excited to be announcing the proposed acquisition of City Pubs, with the full recommendation of their board.”
