Longshot, the business led by entrepreneurs Joel Cadbury and Ollie Vigors, has secured a seventh site for its Bel & The Dragon chain, M&C Report understands.
The group has exchanged on the Swan Hotel in Kingsclere, Berkshire, with plans to re-open the site after a refurbishment before the year end.
Situated between Newbury and Basingstoke, the Swan Hotel is believed to have been a country inn for 400 years and currently comprises a bar, restaurant and 10 individually styled en-suite rooms.
The chain is currently looking at further expansion opportunities. Cadbury told M&C Report last year that the group hoped to add six more sites under the brand over the next two years.
The group will open its sixth site, the George Hotel and Restaurant in Odiham, Hampshire, later this year.
It also operates sites in Cookham, Windsor, Reading, Churt and Godalming.
Insight Retail acted for Bel and The Dragon, whilst Christie + Co acted for the vendor.