Nick Taplin, a director of hotel development company Sanguine Hospitality, has acquired full ownership of the 132-bedroom DoubleTree by Hilton, Cadbury House, near Bristol, through his company Black & White Hospitality.
Taplin, who previously held a 50% stake in Cadbury House, has bought the remaining half of the business from Sanguine Hospitality following a refinancing with Lloyds Bank.
He has been involved in the £26m development of the hotel since 2003.
Taplin described the consolidation of the hotel's ownership as "the beginning of a new chapter" for Black & White Hospitality, which has a master franchise agreement with Marco Pierre White to operate restaurants in hotels under the chef's name. It has just launched a 22nd venture with White and expects to announce a further 10 this year.
"It's been one incredible journey and to now effectively own Cadbury House is an amazing feeling. The hard work will now go on to make sure Cadbury House remains one of the leading venues in the South West and it's business as usual with what is a very strong management team."
Taplin said that Jason Eaton and Colin Badcock, the joint general managers of Cadbury House will now join the board of Black & White Hospitality.
He added that he hopes that the company will make further hotel acquisitions in the future.
Taplin and Wilce will both remain as directors of Sanguine Hospitality which owns two Hotel Indigo properties in Liverpool and Cardiff, with a third under development in the Barbican, London. It is also developing a Hampton by Hilton in Sheffield.