The sale has been secured of The Barns Hotel in Bedford to an emerging UK provincial hotel group, off an asking price of £3.5m.
Set in a riverside location, 2.5 miles from Bedford town centre, The Barns Hotel is made up of two Grade II listed buildings.
The older is an original 13th Century red brick tithe barn with visible timber beams, whilst the second is a large rendered property which was built as a private residence and is the birthplace of Samuel Whitbread, founder of the brewing business, whose family retained the property until the 1890s.
The hotel has a four star rating and offers 49 en suite bedrooms, a large reception lounge, a 70-cover restaurant and two bars, both with external terraces. The Tithe Barn Ballroom Suite also caters for a further 80 guests and is popular as a wedding venue.
On the sale, Julian Troup, Head of Hotels - Agency at Colliers International who arranged the deal, said: “The Barns Hotels is set in a stunning riverside location and offers a magnificent example of 13th Century architecture that has been retained to a very high standard.
“We are not surprised that we received a good deal of interest in this property and were able to bring this deal to a satisfactory completion.
“The hotel is currently the subject of a management agreement and benefits from a wide range of sources of revenue, with turnover to the year-end December 2013 reported in the region of £2m.”
Colliers acted for the seller which was a private fund.