A HOTEL in the heart of Presteigne has been sold to a hospitality operator for an undisclosed price, it has been revealed.

Allworks Properties Ltd, which owns a number of pubs and hotels, has snapped up the Grade II* listed Radnorshire Arms Hotel.

The 19-bedroom timber frame hotel, which was sold by Colliers International, has been empty for more than a year.

Peter Brunt, director of hotels agency at Colliers International, said: "The Radnorshire Arms is a hotel with huge potential, and its sale to an experienced hospitality operator shows that the hotels market is active despite the coronavirus pandemic.

"There were two offers at the agreed price level pre-virus, and the selected bidder was happy to proceed as agreed with the sale exchanging and completing at a time when the country has been under lockdown."

The hotel was reputedly constructed in the late 16th century and restyled in 1616 with timbered façade that remains, together with historic interior features including exposed beams, open fireplaces and timber panelled walls.

The public rooms comprise a bar and two restaurants, and the letting rooms have refurbished bathrooms. Eleven of bedrooms are in the main building and eight in a detached single-storey lodge style bedroom block.

Director John Rivers said: "We are delighted to have completed on the sale of the Radnorshire Arms, and are very much looking forward to renovating and reopening this historic hotel in the heart of Presteigne, and offering hospitality to both visitors and the local community."