The three-AA-star, 24-bedroom Solberge Hall hotel in Northallerton, Yorkshire, has been sold to Classic Lodges for £1.8m by the Royal Bank of Scotland (RBS).
Hotel management specialists OneCall Hospitality prepared Solberge Hall for acquisition after being appointed by RBS in 2014 to manage the hotel.
Solberge Hall had been making a loss for a number of years and went into administration in 2011.
Mark Chambers, director of OneCall, said: "Over the last year, we have looked at all aspects of its operation and found ways to increase revenue, improve efficiency and bring the business back into profit in preparation for the sale. There is no doubt that Solberge Hall is a superb venue and offers a tremendous potential for the new owners."
Solberge Hall will be the fourth Classic Lodges hotel in the county alongside the Old Swan in Harrogate, Grinkle Park in Easington and Bagden Hall in Denby Dale.
Classic Lodges now owns a total of eight hotels throughout the UK and has nine partner properties, bringing the total number of hotels in the group up to 17.
Set between the Yorkshire Dales and the Vale of York, Solberge Hall is a Georgian mansion situated in nine acres of gardens and woodland.
Classic Lodges said it is building a company of event-led country house hotels and this latest addition to the property portfolio follows on from recent partner properties including the Parkway hotel and spa in Newport and Hadley Park in Telford.
Richard Grime, managing director of Classic Lodges, said: "We are looking forward to working with the team at the hotel to continue to develop its excellent reputation in the North Yorkshire market for weddings and family events.
"We will be investing considerably in the hotel over the next 12 months to improve the guest experience. The hotel has a significant number of weddings booked this year and we have great plans to work with the chef to relaunch the menus and develop a new outdoor wedding venue."
Solberge Hall is the latest property to be disposed of by RBS, which recently announced plans to sell five East Anglia hotels, under the Dragonfly Hotel portfolio, for around £14m.
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