Plas Bodegroes, the award-winning North Wales restaurant and country house on the Llyn Peninsula, has been put up for sale seeking offers of around £1.5m.
The 10-bedroom property site, which has been owned by Chris and Gunna Chown since 1986, is set within five acres of land, and includes a three-bedroom detached owners' cottage with gardens. The owners are selling due to retirement.
Plas Bodegroes became the first establishment in Wales to win a Michelin star, which Chris held from 1991 to 1997. He regained the star for a second time in 2002 until 2008. The property was named AA Hotel of the Year for Wales in 2002 and has just been named Sawdays Welsh Hotel of the Year 2016.
The Manchester office of specialist property advisers Christie + Co is handling the sale of the freehold.
Keith Stringer at Christie + Co said: "The business has earned an enviable and justified reputation as one of Wales' most outstanding and elegant restaurants. Plas Bodegroes would be an ideal acquisition for an experienced and dynamic restaurateur to build on the phenomenal success and reputation of the current owners."