Longshot, the business led by Joel Cadbury and Ollie Vigors, has placed its Bel & The Dragon site in Godalming, Surrey, on the market.
Offers are being invited for the freehold interest of the site, which is house in a 19th Century, converted church and on the market through Davis Coffer Lyons.
Earlier this year, Longshot decided to take Bel & The Dragon, its seven-strong, premium country inn business, off the market, after completing a £5.3m debt finance deal.
The company placed Bel & The Dragon on the market last September through Grant Thornton. MCA understands that the business generated strong interest from a number of trade buyers, but that none were able to match Longshot’s valuation of the business, which it acquired when it was four-strong from Orchid Group in August 2010 for c£4m.
Longshot secured the new funding, which it will use to refinance the inn group’s current debt facilities, raise growth capital to increase its bedrooms from 47 to 61, and for working capital purposes, from OakNorth.
Bel & The Dragon currently operates sites across Berkshire, Surrey and Hampshire, located in Cookham, Churt, Godalming, Kingsclere, Odiham, Reading and Windsor.