Rew Hotels, represented by international real estate advisor Savills, has sold the Corbyn Head Hotel in Torquay to the Fragrance Group.
The three-star hotel, located on the Torquay seafront, boasts 50 ensuite bedrooms, a hotel bar, the Harbour View Restaurant and an outside pool. The Corbyn Head Hotel benefits from close proximity to Torquay, Exeter and Dartmoor National Park.
Martin Rogers, head of UK hotel transactions at Savills, said: “We are delighted to have secured a new owner for the Corbyn Head Hotel following a successful 18 years under the current owners.
“The UK regional hotel market continues to remain popular with overseas investors with the group accounting for a significant percentage of hotel transaction volumes outside of London.”