The Coaching Inn Group has acquired the Kings Head in Richmond, North Yorkshire, off the asking price of £2m as the firm continues with its £20m expansion programme.
Previously owned by Ashdale Hotels, the 26-bedroom property first opened in 1717 when it was built as a townhouse.
Kevin Charity, founder and managing director of the Coaching Inn Group, said: "Over the past 12 months we have expanded the Coaching Inn Group with the acquisition of four new inns and have plans to add another five to the estate this year. The Kings Head is a great example of what we do and the locations we are looking to expand into.
"Working with the existing management team, we plan to invest up to £1m in the property over the next 12 months. We'll be investing across accommodation, food and beverage, including the addition of our Eatery and Coffee House concept which continues to be very successful across the rest of our estate where it has been applied."
The Coaching Inn Group has 10 hotels across Yorkshire, Leicestershire, Lincolnshire, Northamptonshire, Gloucestershire and Wales.
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