Chris Davy, a member of the of the board of directors of the British Hospitality Association, and his wife Alison have sold the Rose & Crown at Romaldkirk, Teesdale, off an asking price of £1.35m
Described by property agents Christie + Co, who handled the sale, as "one of the best coaching inns to come to the market in recent years", the-12 bedroom property, which has two-AA-red stars and two-AA-rosettes, has been sold to the owners of nearby Headlam Hall, the Robinson family.
The Davys have owned the 18th century coaching inn, since 1989. They said: "We have had 23 enormously happy and successful years at the Rose & Crown. However, with retirement beckoning it is time to start enjoying life at a rather more leisurely pace. We are very pleased to have sold to the Robinson family and feel very sure that with our excellent staff, the Rose & Crown will continue to grow in the future."
John and Ann Robinson bought Headlam Hall in 1978 and have since built it up from a dilapidated business, into a successful four-star hotel, which includes a spa and golf club.
Thomas Robinson, John and Ann's son and Headlam's managing director, said that his wife Cheryl will join the Rose & Crown team as "the face of the family" working alongside the Rose & Crown's manager, Matt Scott, and the existing team of staff.
Prior to being acquired by the Davys, the Rose & Crown was owned by David Jackson, currently Headlam Hall's operations director.
By Janet Harmer
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