The four-AA-star, 55-bedroom Bedford Lodge hotel in Newmarket, Suffolk, has been sold off an asking price of £12.5m.
Set in three acres of grounds adjacent to some of the town's prominent training stables, the property has been bought by Review Hotels, newly set up by a private family holding company. The hotel has the benefit of planning permission to extend the property by a further 21 bedrooms and develop a spa.
The hotel has a two-AA-rosette restaurant, the Orangery, and the Hedge Health and Fitness Club.
Robert Stapleton, associate director at Colliers International, the agent which sold the hotel, said: "Bedford Lodge has been expanded and developed very successfully over recent years and has shown enormous resilience during the recession and maintained its trade exceptionally well.
"The property has been well maintained and is superbly run by managing director Noel Byrne. I have no doubts the hotel will continue to go from strength to strength".
Bedford House is located between the racing stables of Luca Cumani and Sheikh Mohammed Al Maktoum.
By Janet Harmer
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