Nathan Jones, co-founder of Harbour & Jones Ltd, has bought Fishers Hotel in Pakefield for an undisclosed fee.
Jones, who co-founded the London-based foodservice operator in 2007 with Patrick Harbour, is now a director at the firm following a merger with CH&Co last year.
He has taken over the 16-bedroom hotel in Suffolk to operate with his family, and will now invest in developing a new restaurant and bar concept for the property.
He said: “This will remain a family led business. My sister, Cathy will be heading a team to run this new venture, which we hope in time will grow to multiple sites. We plan to refurbish the hotel to a high standard and give it a new name and image, whilst working hard to maintain and build upon the reputation set by David and Lesley.”
He added: “In time, the restaurant will reopen for quality Sunday lunches and feature a series of pop up restaurant concepts running from Thursday to Saturday with a constantly changing themed dinner menu. We also wish to create a bar offering that cannot be found in any of the neighbouring establishments that compliments the dinner theme.”
Previous owners at the hotel, David & Lesley Fisher, acquired the business through Christie & Co in 2000.
After 18 years, the husband and wife team have decided to sell the hotel to semi retire, they said: “We’ve really enjoyed our time at Fishers and wish Nathan, Sally & Cathy well for their new venture, which we’re sure will be successful and, with the investment planned, will certainly take the business on to the next level.”
Christie & Co sought an asking price in excess of £675,000 for the freehold interest. Fishers Hotel was sold for an undisclosed sum.