North East hospitality firm The Inn Collection Group has been sold to a new company in a deal said to be worth more than £300m.
The rapidly-growing Alnwick company, which now has 31 sites in its portfolio, has been sold by Alchemy Partners to a new firm owned by the Harris family in conjunction with Kings Park Capital.
The deal takes the pubs-with-rooms company back under Kings Park Capital ownership for a second time, as the London private equity manager was the main backer of the Northumberland group for five years until 2018, when it was sold to Alchemy.
