The closure of the three-star, 23-bedroom Old Brewery House hotel in Reepham, Norfolk, earlier this week marks the further decline of regional group Oxford Hotels and Inns.
Owned by a group of private investors, the hotel was operated by Oxford Hotels and Inns which numbered nearly 40 hotels until December 2012, when Bespoke Hotels took over the management of 34 of the properties.
Oxford Hotels and Inns now has a portfolio of just two properties: the Best Western Derwent Manor in Allensford, Northumberland, and the Scole Inn in Diss, Norfolk.
The Grade-II-listed Brewery House hotel, which dates back to 1729 is now being sold by property company Colliers International for offers in excess of £800,000.
Originally known as the Dial House, the property was converted into a hotel and renamed the Old Brewery House Hotel in 1972 in recognition of its former life as the town's brewery. It incorporates a bar, restaurant, gym, swimming pool and squash courts.
Ashley Clark, director at Colliers International, said: "We are confident that we will be able to find a new owner to invest in the hotel and realise the great potential of this property. Over the past few years during the difficult economic climate, we have handled many similar cases of hotels which have ceased trading but we have still been able to reach a positive outcome for the previous owners and the local community."
Oxford Hotels and Inns declined to comment.