A partnership of four directors at the Castle Green Hotel have bought the four-star Pinewood Hotel near Manchester Airport and plan to develop the property.
The plan is to rebrand the 58-room property as the Best Western Pinewood on Wilmslow.
Managing director Tim Rumney said: "We have been looking for an acquisition since we sold The Princess on Portland, Manchester in March 2008. The Pinewood Hotel is in a great location for corporate and leisure guests."
The hotel is four miles from Manchester Airport and ten miles from Manchester city centre and has six meeting rooms for up to 200 delegates theatre-style.
Rumney added: "As an independent hotel, but under the brand of Best Western, we believe we will be able to reposition the hotel within the local community and provide an excellent facility for business users. We will work with the existing team and key personnel from the Best Western Castle Green Hotel in Kendal to bring new opportunities to this long established hotel."