The Barns hotel, a Grade II-listed property in Bedford, has been sold to an emerging UK provincial hotel group, off an asking price of £3.5m.
Located 2.5 miles from Bedford town centre, The Barns Hotel is made up of two Grade II listed buildings: an original 13th Century red brick tithe barn and a large rendered property that was built as a private residence and is the birthplace of Samuel Whitbread, founder of the brewing business.
The 49-bedroom riverside hotel has a four star rating, a large reception lounge, a 70-cover restaurant and two bars, both with external terraces. The Tithe Barn Ballroom Suite also caters for a further 80 guests.
Commenting on the sale, Julian Troup, head of hotels - agency at Colliers International, which acted for the seller, said: "We are not surprised that we received a good deal of interest in this property and were able to bring this deal to a satisfactory completion.
"The hotel is currently the subject of a management agreement and benefits from a wide range of sources of revenue, with turnover to the year-end December 2013 reported in the region of £2m."