A LANDMARK hotel has new owners – and is about to be given a £1m makeover.

The Kings Head in Richmond has been acquired by the independent Coaching Inn Group from Ashdale Hotels.

The 26-bed hotel will continue to be run by the existing management team but will also benefit from a £1m investment over the next 12 months, across its accommodation and food and beverage offering.

The building dates back to 1717 when it was created as a gentleman’s townhouse. Now, nearly 300 years on, it is described as offering “a blend of Georgian architecture with modern practicalities in the heart of the bustling market town.”

The managing director of the Coaching Inn Group, Kevin Charity, said: “We’re delighted to have acquired the Kings Head as it has a great reputation locally and attracts visitors from across the UK.

“The next 12 months will see us invest up to £1 million in the property, including refurbishing the accommodation and developing the food and beverage offering and experience, introducing our popular Eatery and Coffee House concept.”

The acquisition of the Kings Head in Richmond follows the Coaching Inn Group’s announced plans to invest £20m expanding across the UK.