Arkells Brewery has acquired The Priory Inn, in the Cotswolds town of Tetbury, off a guide price of £1.95m.
The site, situated close to Highgrove, consists of 14 en suite letting rooms, four principle trade areas including a large 82 cover restaurant and a large car park.
The business has been sold by Dave and Tanya Kelly, who have owned the business since 2004.
Arkells chairman James Arkell said: “We are delighted to be in Tetbury, a historic market town. The Priory Inn fits into our expanding portfolio of town bars with rooms. The owners and Christie & Co have been more than helpful and we look forward to getting to know our customers.”
Matthew Smith, director at Christie & Co’s Bristol office, who handled the sale, said: “We are delighted to announce the sale of The Priory Inn. Having received numerous offers for this opportunity, Arkells Brewery was successful in purchasing the business within a few weeks of agreeing on the sale. The sale presents an exciting time for The Priory Inn and all its customers as this local brewer of 175 years with pubs, inns and hotel move the business onto the next successful phase.”
