National pub operator JD Wetherspoon has bought the Wellington hotel in the Somerset holiday resort of Minehead, which is seen as the "gateway to Exmoor".
The hotel, which comes complete with its own separate nightclub, is a three-storey property that dates back to around 1820.
Facilities include 25 bedrooms, two public bars, a karaoke bar, and a 100-seat restaurant. The nightclub, which opened in 2003, leads to an external terraced area.
A separate apartment and manager's flat could be easily be converted in extra letting rooms.
JD Wetherspoon, which started up in 1979, has 133 of its 707 pubs listed in the CAMRA Good Beer Guide 2008.
The Exeter office of Christie + Co sold the freehold off an asking price in the region of £2m. The seller, who had owned the hotel for 23 years, is looking at overseas opportunities.
By Angela Frewin