St Austell Brewery today completed on the acquisition of The Pier House Hotel, a listed 27 room waterfront hotel, with 115 cover restaurant and attached public house overlooking the World Heritage status Georgian port of Charlestown.
The hotel which has featured in numerous films including the 1976 Richard Burton film "The Eagle Has Landed" where Donald Sutherland is thrown through the bar window, adds to the family-owned Brewery's managed estate and compliments their award-winning wider estate of Westcountry inns and watering holes.
The purchase from the Morcom family, who have owned and operated the hotel for the past 25 years, was for an undisclosed sum but is one of the Brewery's highest value single-site acquisitions in their 165 year history.
David Williams, Associate, Commercial Property, commented: "With the Morcom family looking to step out of the hospitality sector it was a win-win situation for them to have an eager buyer based less two miles away who would keep the site as a hotel, restaurant and pub guaranteeing continuity for the hotel's 50+ staff and loyal customer base. It was a pleasure to assist on another great acquisition for St Austell Brewery but having worked at the Pier House as a teenager this deal did mean a little bit more to me."
St Austell Brewery CEO James Staughton added: “It’s no secret that the Pier House has long been on our wishlist. It is a remarkable building in a unique setting and the Morcom family has done an amazing job maintaining it at such a high standard for so many years. We will certainly continue their legacy of working to provide the highest standard of service to locals and visitors alike and thank the family for their support and the professionalism with which they have conducted themselves at all times during the talks that we have had with them.”