The Longmynd Hotel, which overlooks Church Stretton, has been sold to a holiday operator in a multi-million pound deal, it was revealed today.
The hotel is being taken over by HF Holidays, which organises walking and outdoors holidays across the country.
A deal has been agreed for HF Holidays, which has its headquarters in Hertfordshire, to take over the venue, which has been run by the Chapman family since 1977, on a five-year lease-purchase arrangement. The hotel was put on the market for £1.75 million in October last year.
Lee Chapman, the former hotel owner, said: "I'm very much embedded within the Stretton community and we have a number of business interests in the area to keep us busy. I will miss the loyal customers and staff at the hotel. We have a great team which is why HF Holidays wanted to get their hands on the hotel.
"I would like to thank all the staff for their hard work over the years."
Rival bidders vying for landmark Longmynd Hotel
Longmynd Hotel on sale for £1.75m