The George IV hotel in the Victorian seaside town of Criccieth has become the 17th property to join family-run operator Leisureplex.
Sited on the main A497 on the Lleyn Peninsular in Gwynedd, the Grade II-listed hotel was built in 1890 to serve the busy toll road and trade route for the Welsh slate mining industry.
Along with 48 en-suite bedrooms, the George IV offers a 150-seat restaurant that doubles a function room, a 40-seat bistro, a 30-seat cocktail bar, a 35-seat bar and entertainment room to accommodate a further 80 people.
There is also a private suite for the owners comprising three single bedrooms, a kitchenette, a living room and a bathroom.
Parking space for 14 cars is held on a long lease on the opposite side of the road.
The hotel is the smallest in the Leisureplex lineup, which now includes 13 in England, two in Scotland and two in Wales, all in prime seaside or sea loch locations catering largely for coaching customers.
The owners want to extend the property, which currently has consent to divide some of larger rooms to create nine new bedrooms
The Manchester office of Colliers Robert Barry sold the property off a guide price of £1m on behalf of Richard Butterworth and his wife.
By Angela Frewin