City Pub Group has announced sales are up 20% in the first 23 weeks of its financial year versus 2022 while like-for-like (lfl) sales improved by 13% on last year.
(the City Pub Group , the Company or the Group ) FINAL RESULTS FOR THE YEAR ENDED 27 DECEMBER 2020 The City Pub Group is pleased to announce its audited results for the 52 weeks ended 27 December 2020. The Group currently operates a predominately freehold estate of 45 wet-led pubs and a further four development sites in London, Southern England and Wales. Enhancements made during lockdown · Significant investment in our pubs to optimise them for outdoor trading and take advantage of the strong pent-up demand and expected boom in staycations · Streamlining of operations across the estate to improve the customer experience and enhance margins · Improved City Club app which now has over 100,000 active members
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 proximity to Newcastle-upon-Tyne, it’s a great fit with our brand, offering customers stunning places to eat, drink, sleep and explore from in outstanding locations across Northern England.