The Cameo Hotel in Suffolk has been sold to the rapidly-expanding Cameron Ventures Group for £2.5m, marking the group’s third property in the area.
Located on Old London Road in Copdock, the 76-bed hotel has been owned by Steve and Jane Denton since 2011, who now plan to retire.
The Cameron Ventures Group already owns the 42-bed Brome Grane Hotel near Diss and the 40-room Priory Hotel in Bury St Edmonds, which was acquired last year.
The Cameo Hotel is the third property in a long line of planned acquisitions for the growing hospitality group.
The hotel is also home to one of the largest function facilities in the county, with its Suffolk Suite capable of seating 400 guests.
Tim Gooding, director in Christie & Co’s Ipswich office brokered the sale and said: “We are delighted to have sold the second hotel to the buying company in as many years. We have experienced an increasing level of optimism in the market in recent months, and a sale such as this reinforces the confidence that we are seeing across the hotels sector.”