The Ramada Hotel in Portrush, has been sold for above its £2.75m asking price to the City of Derry Hotel Ltd.
Located on Main Street, the hotel comprises 69 en-suite bedrooms with bar and restaurant, conference/banqueting rooms and car parking.
Brendan Duddy, chairman of City of Derry Hotel Ltd, said: “There is no doubt that NI is in the midst of very exciting times in terms of tourism. We have seen a notable uptake of space in the North West region, which gave us the confidence to invest in the Ramada, Portrush.
“We pride ourselves on our reputation to invest in and deliver excellent hotel accommodation and our intention is to roll out an investment programme to enhance the existing Ramada hotel complex.
“The North Coast will always be a popular destination for tourists. It is a location revered by both outside tourists and people from all over NI who require a relaxing break,” he continued.
“This hotel is in excellent condition and located right in the heart of the town, ensuring it is a superb destination for holiday-makers.”