Benchmark International is pleased to have advised on an agreed deal for the sale of Middletons Hotel Limited to Thwaites PLC.
Middletons Hotel is a 56-bedroom property spread over six historic, Grade II Listed Buildings and has been built up by a local family over the past 40 years. After York Minster, it is the largest single property within York City Walls and its garden site is a quiet haven only a few minutes’ walk from the city centre.
Thwaites Brewery is a regional brewery founded in 1807 by Daniel Thwaites in Blackburn, Lancashire, England. The company has over 270 pubs, mainly in the North of England but reaching from the North Lakes area down to Solihull & Leicestershire. It also has a number of four-star Hotels & Spas and eight Inns of Characters.
Rick Bailey, CEO at Thwaites had this to say: "Middletons is an outstanding property in a stunning location and has a fascinating history. It is a well-run business and York is a strong market. We are delighted to have been able to acquire it and look forward to continuing to develop it over time."
“I would like to thank you for all your hard work in bringing this deal together. We have been impressed by your approach and your professionalism and have very much valued your work for us during this tricky process. We have appreciated the team at Benchmark International and have felt from day one that our project has been supported”, said Susi Clark, Partner at Middletons Hotel Limited.
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
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Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.