Thomas Panickamuriyil and Vickram Natha have bought the Patten Arms hotel in Warrington, Cheshire.
The detached hotel, which sits in the centre of the town opposite Bank Quay Railway Station, is named after the Patten family which bought the entire Winnmarleigh estate in early 16th century and were key players in the Industrial Revolution.
It offers 43 en-suite bedrooms, a 60-seat restaurant and a public bar, along with the adjoining Wilson Suite.
The purchase is the first solo venture for the new owners, who have worked in the corporate hotel sector for seven years.
The Manchester office of Christie + Co sold the leasehold off a guide price of around £120,000 on behalf of Mike and Sandra Feeney. An annual rent of £45,000 was agreed.
By Angela Frewin