Gainsborough Hickman Hill Hotel has been sold to new local operators and will reopen its doors today following a refurbishment throughout.
The sale of the former Grammar School was spearheaded by Colliers International which represented vendors Robert and Michelle Marsh and sold the hotel off a guide price of £430k for the freehold.
The property is a detached Grade-II listed building dating back to 1795 and has been acquired by Doris and Robert Ewens for an undisclosed sum.
Hickman Hill Hotel is home to 11 bedrooms, a lounge bar, restaurant and meeting room and has now been refurbished by its new owners ready to relaunch to the public today.
Peter Bean, a director in Colliers’ UK Hotels Agency team, said: “Hickman Hill is a delightful country town hotel. It boasts 11 letting bedrooms, five of which have recently been refurbished to a high standard by the previous owners who have run the hotel since 2005.
“Hickman Hill Hotel is situated in a pleasant residential area, easily accessible from the town centre. Gainsborough is a substantial market town serving a large surrounding rural community and like many towns it is expanding, so being the principal hotel for the area, Hickman Hill is set to benefit greatly as the population grows.”