St Austell, the Cornish brewer and operator, has bought a freehold pub in Plymouth from Punch Taverns, and signed a deal allowing Travelodge to operate one of its hotels in the region. It has completed on the purchase of the Watering Hole, in Plymouth’s quayside Barbican area, for an undisclosed sum from the pub company. It has been leased to Benjamin Shearn. Last July the brewer bought a package of four south-west pubs from Punch: the Borough Arms, Bodmin; Withycombe Village Road, Exmouth; the Cove, Coverack, Helston; Landewednack, the Lizard, Helston. The firm has also signed a new 25-year lease with Travelodge to operate the hotel section of its Victoria Inn and Lodge, at Roche near St Austell. The brewer will continue to operate the pub and restaurant side of the business, while Travelodge will run the 42 rooms. Christie & Co advised St Austell on the deal. Adam Luck, estate director, said: “This is an exciting partnership which will increase the occupation of the rooms in turn benefiting the pub which will remain part of the retail estate.”