The Shaven Crown, a Grade-II listed hotel in Oxfordshire, has been acquired by Larry Lipman, the managing director of Safeland PLC, a property specialist with a growing portfolio of hostels.
In a deal brokered by Colliers International, the seven-bedroom hotel in Shipton-under-Wychwood underwent an extensive refurbishment before being placed on the market with an asking price of £1.1m.
The building was originally constructed as a hospice for the monks at nearby Bruern Abey and still retains many of its medieval features, including the Great Hall.
New owners Safeland PLC, is run by Lipman and comprises 13 hostels in seven countries and claims to deliver one million rooms per night around the world.
In addition to the hotel, there is three-bedroom accommodation in a wing at the back of the hotel, which is completely private.