Top bar and restaurant in Hale, Riva, has been acquired by local investment business, Dunham Massey Investment Group.
The sale, for an undisclosed sum, comes after a successful five years in operation, previously ran by private local owners, and will aim to develop the well-loved concept further, with minimal changes to the restaurant’s existing structure.
Riva will remain under the same name with the same Michelin-star trained Head Chef, Daniel Kelly, but will now increase its opening to seven days a week, from five, and will offer a new artisan breakfast. Regular diners will also be pleased to know that Riva’s iconic roast dinners will stay put in its new phase, and the live entertainment will also remain, with an upgrade.
The modern British restaurant, which seats around 65 people, has proven popular with locals including football and reality TV stars.
Dunham Massey Investment Group currently operates an expanding portfolio of hospitality and manufacturing businesses in the UK, managing over £140m of assets across hospitality, engineering and manufacturing.
Recardo Patrick, Shareholder and Chairman of Dunham Massey Investment Group, said: “The acquisition of Riva is the perfect way to begin 2025, as we’ve seen hospitality struggle throughout the past year, both regionally and nationally. With the foray of restaurant closures that have happened recently, this comes as good news for the hospitality industry in Greater Manchester.”
“This next phase of Riva will be bigger and better than ever before. It is a big goal of ours to maintain the essence of Riva, that so many guests have loved. As a local to Hale, I’ve been a regular customer of Riva’s over the years so this is an especially exciting project to take on.”
Other recent investments at the hands of Patrick include new nightlife sensations, AMOK, on the island of Palma De Mallorca, which opened its first phase in summer 2024.
This year, the group is earmarked to take over Cheshire pub favourite, The Swan with Two Knicks, and re-purchase Wilmslow’s Cheshire Smokehouse, which was previously in the brand’s portfolio before being sold internally.
