A major Lynn hotel is one of four across the easten region to be purchased by the rapidly-expanding Surya Hotels Group.
The Dragonfly Hotel, on the Hardwick Narrows, is among the multi-million portfolio which is estimated at £14 million.
It was formerly the Ramada and the Butterfly hotel.
RBS-appointed Colliers International’s Hotel Agency Team to sell the Dragonfly portfolio in July 2015.
As well as Lynn, other hotels within the group include ones in Colchester, Bury St Edmunds, Peterborough and Stevenage.
Surya Hotels – part of Flying Trade Group which is also behind leading world food giants Surya Foods – have snapped up the four of the five hotels ,which are based in Norfolk, Suffolk and Essex.
They are one of the UK’s leading niche hotel groups with a rapidly expanding portfolio of properties, situated in some of the UK’s most idyllic settings, from historic towns and coastal resorts to picturesque villages.
The successful acquisition sees Surya Hotel’s portfolio increase to 11 hotels across the UK, with the Dragonfly properties joining the Duke’s head in Lynn and the likes of Great Hallingbury Manor and the Kingscliff Hotel, in Essex, and The Mill Hotel, in Suffolk.
All four Dragonfly hotels are open for business as usual and will remain under the Dragonfly brand, with significant investment planned across the group to bring the properties in line with Surya Hotel standards.
While Surya Hotels will now assume management, it will not result in any staff changes on the ground and the hotel’s staff will be transferred to their new employers under a TUPE arrangement.
Suki Dulai, managing director of Surya Hotels, said: “The Dragonfly portfolio is a great fit for our brand - which is all about delivering quality facilities at fantastic prices in the heart of stunning villages, towns and thriving local communities.
“We are delighted to have successfully acquired four wonderfully situated venues in East Anglia to add to our already impressive line-up in the area.
“All four hotels will undergo extensive refurbishment to bring them up to the standards of others within our group.”