The Best Western Beaumont hotel in Hexham, Northumberland has been sold off an asking price of £1.9m.
It is the first time the three-AA-star, 34-bedroom hotel, which operates under the Best Western brand, has changed hands in 32 years. Longstanding owners Martin and Linda Owen, who acquired the Beaumont in 1984, have sold the hotel to Roger and Magda Davy after deciding to retire. The hotel also has bar, restaurant, function and meeting facilities.
The Davys have made the move to the North East after owning the Marble Hill pub in Twickenham, London.
Colliers International marketed and negotiated the sale of the Beaumont off an asking price of £1.9m for the freehold property and business.
Peter Bean, hotels director at Colliers, said: "I have known the Beaumont for many years, watching it grow into the excellent hotel that it is today, and I know that Martin and Linda are delighted that it will be in Roger and Magda's very experienced hands."