A LANDMARK hotel in Royal Wootton Bassett which went into administration has been sold for £1.8 million.

The Marsh Farm Hotel went on sale in February after owners Oyster Hotels Ltd went into administration.

Now, the venue has been bought by Chartridge Venues after it was listed by Savills, acting for administrators from restructuring and insolvency firm Moorfields Corporate Recovery Limited.

The 48-bedroom property is the fifth acquisition in the UK for the Malaysian-owned company, which also has properties in Birmingham, Chartridge, Hitchin and owns Lydiard House in Swindon. 

It sits within two acres 0.8 hectares of land and comprises a Grade-II listed country house with modern extensions plus a restaurant, bar, beauty salon and extensive conference facilities. 

Graham Cantillion, of Chartridge Venues, said the group was hoping to buy more venues this year.

“We are delighted to have acquired Marsh Farm," he said.

"The property will be a great addition to our existing portfolio and we believe that it will contribute significantly to the future growth of the business.

"Chartridge Venues anticipates further acquisitions during this year.”

Gary Witham, hotels director at Savills, said: “We have seen significant demand from South East Asian buyers generally and especially from Malaysian investors looking for established, value for money hotel businesses in the UK.

"We are pleased with the strong sale price achieved for Marsh Farm Hotel and the swift conclusion of this project.”

The hotel is also home to the Glasshouse Restaurant, which was refurbished last summer.

As well as being a popular wedding venue, it is also regularly used for various different functions and conventions.