Calcot Hotels has added a fourth property to its group of three businesses following the acquisition of the Cotswolds88 hotel in Painswick, Gloucestershire, for an undisclosed sum.
The four-red-AA-star, 17-bedroom hotel has been sold by Phil and Val Harris, who approached Calcot Hotels as a potential buyer as they neared their retirement.
Richard Ball, executive chairman of Calcot Hotels, described Cotswold88 as "a notable addition" to the group, which prides itself on properties that tap into their locality with a strong reputation for great food and drink, warm service and value for money.
"We see The Cotswolds88 developing as a restaurant with rooms, embodying its current arty-ness while tapping in further to the artisan flavour for which Painswick and the surrounding area of Stroud is becoming increasingly known. Think Covent Garden shaking hands with the Cotswolds."
Calcot Hotels' design director Nicky Farquhar is likely to tone down the current interior which features wallpaper inspired by mime artist Leigh Bowery and abstract images from photographer David Hiscock.
A short closure of the hotel later this year will allow for a complete refurbishment, with the hotel re-launching with a yet-to-be-announced new name just before Christmas.
Calcot Hotels owns all of its hotels except for the Lord Crew Arms - re-launched last year following an extensive, two-year renovation - which it manages on behalf of Lord Crewe's Charity.