Scottish Borders hotel Ednam House has been bought by Guyzance Hall after 85 years' of ownership by a local Kelso family.
The sum of the deal has not been revealed.
The new owners intend to invest in and develop the three-star, 32-bedroom, 18th century property, create local employment, and make the hotel a luxury destination.
With its bar and restaurant overlooking the River Tweed, Ednam House's rural location attracts golf and fishing party guests, and is also popular for weddings and other events. It has been owned and operated by the Brooks family since 1928.
Operations director for Guyzance Hall, Eric Kortenbach, said: "I am delighted to welcome Ednam House to our portfolio as it fits perfectly with our brand. As with our other properties we intend to invest in both the hotel, and staff. Our aim is to ensure that Ednam House becomes a truly luxury destination hotel, through attention to detail in every aspect of the property."
Other historic properties in the company's portfolio include Doxford Hall Hotel, Eshott Hall and Guyzance Hall in Northumberland; Dalhousie Castle near Edinburgh; and the Tedsmore Estate in Shropshire.