A Tontine is an old business term where a group of investors put money into a venture. As the members passed away, the shares were divided between the remaining investors until there was one sole survivor who then inherited 100% of the shares. Tontines are now illegal, as they allegedly had a tendency to lead to many ‘unnatural’ deaths!
The Cleveland Tontine was built in 1804 and thanks to the London to Sunderland Mail Coach, it became a popular resting place for travellers. With the arrival of the steam engine and the decline of ‘horse’ power the Tontine become a private residence known as Ingleby House.
Post-war, traffic began to increase and Camerons Brewery bought ‘Ingleby House’ as a high quality ‘road house’, with a restaurant, ballroom and a cellar bar. The Cleveland Tontine was back in business.
In September 1976 the McCoy brothers took over and within a few years the Cleveland Tontine’s regional and national reputation was firmly established.
Most recently in June 2016 Provenance Inns & Hotels purchased the Cleveland Tontine, this was the nineth acquisition for the group which also owns West Park Hotel in Harrogate, The Carpenters Arms in Felixkirk and the Black Bull in Moulton.