Wetherspoon to Invest £200 Million Developing New Pubs and Hotels

Wetherspoon has announced that it will invest more than £200 million developing new pubs and hotels as well as enlarging its existing pubs across the UK and Republic of Ireland, over the next four years.

Wetherspoon currently operates 875 pubs and 58 hotels across the UK and Republic of Ireland and employs 44,000 staff.

The majority of this new investment will be channelled into developments in small and medium sized towns, but will also include larger towns and cities.

These are set to include new pubs in Bourne, Waterford, Hamilton, Ely, Diss, Felixstowe, Newport Pagnell and Prestatyn. The company will also be investing in major cities such as London, Dublin, Edinburgh, Glasgow, Birmingham, Leeds and Galway.

The company anticipates that the investment will result in approximately 10,000 new jobs.

Wetherspoon founder and chairman, Tim Martin, said, “We are looking forward to opening many more new pubs as well as investing in existing pubs over the next four years. We are especially pleased that a large proportion of the investment will be in smaller towns and cities which have seen a decline in investment in recent years. The fact that we will be creating approximately 10,000 jobs is great news too.”

More on this to come.

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