Monte Hotels, owned by Euro Garages brothers Mohsin and Zuber Issa, will take over the operating business of Stanley House Hotel & Spa in Lancashire from October.
The brothers acquired the land and property assets of the hotel in Mellor from Leehand Leisure in October 2019. Until 30 September 2020, the current Stanley House directors will oversee the day to day operations, with Monte Hotels taking full operational control from 1 October.
The owners said business will carry on as usual, and the 30-bedroom hotel's 85 staff are secure, adding that "significant investment" is planned for the estate.
Mohsin and Zuber Issa said: "The Issa family are delighted to announce this acquisition. Stanley House is a premier destination for those visiting the area and locals accessing the world class renowned facilities. This is testament to the outstanding team assembled and the services developed over the years. Everyone associated with the hotel's journey and story should be proud.
"We're incredibly excited about the potential Stanley House presents, and we look forward to sharing our investment plans in the coming months."
Simon Glassbrook, a director of Leehand Leisure, added: "It's been a wonderful journey and we have helped create thousands of unforgettable memories for our guests. It's the start of an exciting new era.
"When we opened our doors in 2004, we changed the landscape of the Ribble Valley hotel market. If you look at the sector now, the area has a wonderful range of top-quality venues and I would like to think we have played a part in raising the bar and growing the local market.
"It's fantastic that jobs have been secured. Our talented teams will ensure the hotel operation has a smooth transition to the new owners. We wish the Issa family every success in this new venture."
The hotel was originally opened in 2004 by the late Fred Walker, co-founder of Walker Steel.