The Best Western Plus Wroxton House hotel has been purchased by hospitality investment business Shepherd Cox, off a guide price of £3.5m.
The thatched manor house hotel, which currently holds four AA stars and two AA rosettes, incorporates a fine dining restaurant, public areas, a banqueting suite, and is a Grade II listed property.
ESA Leisure had owned the business since 2008 and invested in its establishment as a high quality destination.
Company director John Smith said: “Shepherd Cox has a great track record as an operator so we are confident that they will take the business from strength to strength and build upon the success we have already established.”
Simon Stevens, a director within LSH’s specialist hotel consultancy division, which handled the sale, said: “Wroxton House is an exceptionally well-managed, maintained and profitable business in a delightful location, close to many popular tourist destinations and an Area of Outstanding Natural Beauty.
“Consequently, it attracted a great deal of interest which ultimately allowed our client to select a preferred bidder who not only agreed to meet their price expectations, but also gave them confidence on deal delivery.
Nick Carlile, a founder of Shepherd Cox, said: “We are pleased with this addition to our hotel portfolio. Wroxton House is a popular, high quality establishment which will undoubtedly prove to be a key part of our ongoing success and future expansion plans.”