Focus Hotels has taken over the management of the Royal Victoria Hotel in Snowdonia.
The group said the long-term management contract began on 1 February 2013.
The three-star Royal Victoria Hotel is situated at the foot of Mount Snowdon in Llanberis, on the edge of the Snowdonia National Park.
Focus Hotels Management chief executive Peter Cashman said: "We are delighted to have agreed a deal to manage this hotel, and we look forward to delivering the long-term development plans to take the business forward.
"This agreement underlines the confidence that hotel owners and investors have in Focus Hotels Management, demonstrated by our strong, market-leading track record and our success in managing and driving profits in the hotels we currently operate."