Constructed in the late 18th century, the recently renovated property is set within its own landscaped grounds on the banks of the River Teign close to the thriving town of Chagford.
The hotel comprises 21 ensuite bedrooms arranged over three floors, as well as a restaurant and lounge.
The hotel has been purchased by Alex Horsfall, an experienced operator who already owns The Valley in Cornwall.
He said: “After a year of looking for new opportunities and nothing quite coming off, we were delighted to find Mill End Hotel, which not only ticked all our boxes from a business perspective but also stole our hearts with its stunning location and beautiful ambience.
“We’re extremely excited to build on what Nick and Tara have already built and take Mill End Hotel from strength to strength.”
Stephen Champion, director at Christie and Co, who handled the sale added: “Mill End is a gem of a hotel nestled away in the stunning Dartmoor countryside, so it’s hardly surprising that the hotel received offers from multiple parties when it came to the market confidentially earlier this year.
“It was a pleasure acting for Nick and Tara Culverhouse on the sale of both Mill End Hotel and the Fox and Hounds Hotel, which also transacted at the beginning of the year.”