The Coaching Inn Group, a Boston, Lincolnshire, UK-based operator of coaching inns, received a £10m investment from Business Growth Fund.
The £10m investment follows an initial investment of £4.5m from BGF in March 2015.
The company, which currently operates 12 coaching inns, intends to use the funds to increase the size of its portfolio to 25 properties by March 2019.
Led by Founder and CEO Kevin Charity, The Coaching Inn Group offers 12 individually styled hotels offering accommodation, food and drink menus in relaxed settings across the UK.
The group doubled its EBITDA in the first six months of 2016 and reported a 33% increase in sales.
FinSMEs
07/12/2016