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Northern pubco the Inn Collection Group has added a 21 st​ site to its portfolio in the form of art deco site the Park Hotel at North Tyneside’s Longsands beach.  The growing pub group – which boasts sites in Northumberland, County Durham, Teesside, Yorkshire, Cumbria, Lancashire and Wearside – completed on the 53-bedroom venue in an undisclosed deal.  “We are absolutely delighted to be welcoming the Park into our pubs with rooms family,” managing director of the Inn Collection Group Sean Donkin said. “With its location alongside one of the UK’s most popular beaches and pro...

Nightcap to acquire Adventure Bar Group 5th May, 2021 by Nicola Carruthers Drinks-led investment group Nightcap has agreed to buy UK-based Adventure Bar Group for up to £2.5 million (US$3.5m). A third Tonight Josephine bar will open in Birmingham next month Nightcap was launched last year with the aim of becoming the UK’s leading bar operator through acquiring, investing and expanding drinks-led concepts. London Cocktail Club was the firm’s first acquisition in December 2020. At the time, Nightcap also launched an initial public offering (IPO) to raise £6m (US$8m). UK bar chain Advent...

Recently formed hospitality group Nightcap has completed its second purchase by acquiring the owner of brands including Blame Gloria and Tonight Josephine, Adventure Bar Group. The deal, completed for an undisclosed sum, means Adventure founders Thomas Kidd and Tobias Jackson will continue to work within the business as Nightcap pushes its growth from nine sites up to 40 in cities nationwide. Of Adventure Bar's sites across the capital, all but two (Jimi Loves Gloria in Soho and the Lost Alhambra in Leicester Square) will not form part of the transaction. Nightcap ...