Coldeast Mansion in Sarisbury Green has revealed that it was sold to Fern Property Ltd off a guide price of £3.5m.
The hotel which fell into administration was brokered by Savils and sold on behalf of Edward Avery-Gee and Daniel Mark Richardson, joint administrators for the property.
The former mansion house was converted into an aparthotel providing 37 serviced apartments together with flexible event space for weddings and events.
The property sits on 8.9 acres of green gardens and parkland and backs onto the outstanding Holly Hill Park and Gardens nature reserve.
Jason Parker, on behalf of Fern Property, said: “The mansion at Coldeast is a very special property that warrants the flexible and imaginative approach that best suits our company.
“Our primary focus is to create a high quality, well-run hospitality venue that will attract both locals and customers from further afield. We firmly believe that the nansion will become the go to venue in this area, be that for a cup of Lavazza coffee or a private dining experience for eight under the stars.”
Adam Bullas, a director in the licensed leisure team at Savills Southampton, added: “We are delighted to have secured new owners for this substantial and beautiful building with extensive grounds.
“The new owners have commenced an extensive refurbishment programme that takes full advantage of the attractive surroundings and Victorian charm of the property.”