The Wiltshire-based Stanton House Hotel has been sold to John Mulchandani off a guide price of £4.95m.
Previously owned by a Japanese automotive manufacturer, Meridian Hotels has now been appointed to operate the property.
Comprising 78-bedrooms amongst 11-acres of Cotswolds land, the grounds also include a lake, orchard, and rose garden.
Re-constructed in the 1930s, the main manor building is linked to the bedroom block via a two-storey section added in the 1990s.
It also features lounge and bar areas on the first floor, with a conservatory leading into the garden.
Three function rooms are placed alongside the country establishment’s main 110-capacity function room that is suitable for weddings and conferences.
Peter Brunt, director of hotels agency at Colliers, who was appointed joint advisor on behalf of the seller of the hotel, said: “Stanton House’s combination of seclusion and accessibility make it a valuable leisure investment.
“It is an exciting asset, with significant potential for development, either through expansion of its current accommodation and facilities or through residential development, subject to planning permission.”
He added that the sale is “further evidence of the strong demand” for hotels situated in close proximity to popular tourist destinations.