Splendid Hospitality Group has acquired the four-AA-star, 116-bedroom Mercure Bristol Brigstow hotel for an undisclosed sum.
The hotel, located in Bristol's Old City, is the first property in the South West for the group and marks its first franchise agreement with AccorHotels.
It features the Ellipse restaurant, which offers regional gourmet cuisine in a relaxed environment, along with four function rooms for up to 100 guests, with panoramic views of the river.
Stuart Bailey, chief executive of Splendid Hospitality, said: "We are excited to make our mark in Bristol with the purchase of the Mercure Bristol Brigstow hotel, especially given its unbeatable historic waterfront location.
"The hotel will continue trading as a Mercure under a franchise agreement with Accor. This is our first property with Accor and we look forward to a strong and successful partnership with them."
This acquisition follows the recent purchase of the New Ellington hotel in Leeds and takes Splendid Hospitality Group's portfolio to 19 hotels.
The Mercure Bristol Brigstow joins the group's other city centre hotels in London, Oxford, Edinburgh, York and Leeds. In London they own and manage two hotels: the Conrad London St James and the newly opened Hilton London Bankside.