Oakman Inns & Restaurants will turn a former Buckinghamshire care home into town centre dining destination and hostelry after completing the £1.5m freehold acquisition of the property.
The group said it will immediately begin preparations for a planning application to convert the Grade 2 Listed Westlands House in Olney into a restaurant.
Chief executive, Peter Borg-Neal, said: “I have long been an admirer of Olney and have always wanted to have an Oakman Inn in the town. We like this part of the world, and the runaway success of the Navigation Inn at Cosgrove has provided further encouragement. We’re always looking to continue to grow our reputation for providing a modern, relaxing atmosphere and a welcoming environment.”
The new Inn and restaurant will, if granted planning permission, be called The Cherry Tree after Olney’s June Cherry Fair.
The chain aims to create up to 40 new jobs in Olney once the site is up and running.
Following the acquisition of Banyers House in Royston, which opens in December, the Olney site brings the number of properties across the Oakman group up to 18. C
Contracts have already been exchanged on a site in Amersham and Oakman are in advanced negotiations on a number of other sites.