The Manor hotel at Weston-on-the-Green, near Bicester in Oxfordshire, has been sold off a guide price of £4.8m.
The sale, to a private purchaser, was negotiated by Colliers International, acting on behalf of administrators at property and leisure specialists Moorfields Advisory.
The 32-bedroom, Grade II-listed hotel, which has origins dating back to the Doomsday Book, had continued to trade fully while in administration.
It has been purchased as a going concern with all employees being retained.
An extensive refurbishment programme will now be rolled out under its new ownership, which will include the construction of an orangery.
The Manor has period features that include a moat, a minstrels’ galley, and a Tudor fireplace.
The 12-acre gardens feature a tree-lined entrance driveway, a topiary garden, an outdoor pool and a knot garden which is licensed for weddings.
Peter Brunt, director in the Hotels agency team of Colliers International, said: “This is a magnificent property, and it generated a huge number of enquiries from around the world resulting in a very competitive tender process. Colliers has now been left with a number of highly-motivated buyers with significant available cash, many from overseas, looking to buy similar hotels in the region.”
Development director Khalid Undre, who will be the leading the renovation programme, said: “Although The Manor has been rescued from administration, it is now essential to secure its future. This will be done by drawing upon the heritage of this beautiful property and enhancing existing features to elevate the experience of guests.
“In recognition of the history of the gardens, we have already bought six peacocks. We also intend reinstalling the paddock at the front of The Manor, with the aim of offering guests riding experiences, and are planning to offer cycling tours of the Cotswolds countryside.”