Fledgling hospitality company Chestnut Inns has chosen Bury St Edmunds for its third location.
The Moulton-based company has bought Ounce House in Northgate Street from Simon and Jenny Pott, who owned it for more than 30 years and ran it as a five-star rated guest house.
Chestnut Inns, established by former banker and corporate financier Philip Turner, bought its first property, The Packhorse inn at Moulton in October 2013 and opened The Rupert Brooke, in Grantchester, three months ago.
The Chestnut Inns’ says its strategy is to buy freehold sites in the region which, as a result of under investment, ‘are not delivering their full potential’.
It says work will begin immediately on a significant refurbishment of Ounce House with current plans to provide a bar, dining, private dining, meeting room facilities and boutique accommodation, to open in the autumn.
Mr Turner said: “Bury St Edmunds was the logical next move. Bury St Edmunds is growing both as a hub for tourism in the region as well as being recognised as a focus for the promotion of great Suffolk food and drink.
“Locally sourced food, great service and a traditional role at the heart of the community – that is what Chestnut Inns is all about and what we will be working to achieve with the Northgate Street site.”