East Anglian-based Chestnut has acquired its first property in Norfolk, the Globe Inn in Wells-next-the-Sea, from Stephen and Antonia Bournes for an undisclosed sum.
The property has 19 bedrooms, and joins Chestnut's 10-strong portfolio of pubs, inns and restaurants across East Anglia. The group was set up in 2012.
Chestnut is also set to reopen the Three Blackbirds in Suffolk on Saturday 14 March, two years after the property was devastated by fire.
Philip Turner, founder of the group of inns, pubs and restaurants, said: "Having been looking to extend our East Anglian footprint into Norfolk for the past two years, we were extremely pleased to discover the Globe Inn, with its great location, successful business and talented team all sharing our vision and values to champion the best of the region."
The Bournes added: "Having enjoyed owning and running the Globe Inn for the last six and half years, it has been a real delight to get to know and become a part of the Wells community. The decision to hand the ownership over to Chestnut is a natural one, we look forward to working closely with them in the transition period to ensure the best outcome for our loyal team, visitors and guests."