The Horn of Plenty hotel and restaurant near Tavistock, Devon, is close to being sold to two first-time buyers.
Jule Leivers and Damien Pease are set to acquire the hotel, set within four acres in the Tamar Valley, from Paul Roston and Peter Gorton.
The country house property comprises 10 en suite bedrooms and a 60-cover fine-dining restaurant. It had been on the market with an asking price of £1.5m and has won accolades including three AA rosettes since 1991 and the Best Restaurant in Devon Award from the Good Food Guide in 2006
Commercial finance broker Christie Finance helped Leivers and Pease secure the funding for the property.
Oliver Johnson, finance consultant at Christie Finance, said: "Julie and Damien have the expertise and the passion to make the Horn of Plenty Devon's premier hotel and dining experience. In what remains a challenging lending environment, we were delighted to secure the necessary funds to helps them acquire this flagship business and wish them all the best with their new venture."
By James Stagg
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