Ventnor's iconic Royal Hotel has been purchased by a group from London.
London Choice Apartments will now operations at the award-winning Island establishment.
The Royal Hotel in Ventnor has been a cherished establishment on the Isle of Wight since 1832, and over the years has built a reputation for its high quality of service, accommodation and food.
The hotel features 51-ensuite bedrooms, an extensive bar and restaurant with panoramic sea views over the English Channel.
The Royal has been independently owned and operated by William Bailey since 1994.
He said:
“While it is of course sad to have sold a business with which we have been involved with for almost 30 years, now is the right time to step back.
"We wish the new owners every success during their ownership of this great and profitable hotel in a picturesque location on the Isle of Wight.
"Most importantly we would like to thank the staff, with whom we have shared this memorable journey, for their hard work and dedication over the years.”
Mohamed Bathich, Director of London Choice Apartments, said:
“The Royal Hotel presented a rare opportunity to acquire a hotel which is such an icon on the Island and is so much loved by its customers and staff alike.
"We are determined to maintain the high level of service for which the hotel is known, whilst expanding its appeal to those on the Island who have not used its services before.
"Whether it is for a short stay, a Sunday Lunch, Afternoon Tea or as a Wedding Venue, we will maintain and enhance the quality that William Bailey has built over the years."