The Olde Barn Hotel in Grantham has been sold out of administration, seeing all jobs saved.
The sale to an unnamed buyer comes after the hotel fell into administration for the third time.
It had previously been rescued by Shepherd Cox Hotels (Grantham) Limited in 2020, part of the Shepherd Cox Hotel Group.
The Olde Barn Hotel has over 100 bedrooms, a leisure club, restaurant and function facilities.
Nicholas Barnett, administrator at Libertas Insolvency Practitioners, said: “I can confirm that following an extensive marketing campaign (that took place prior to my appointment), a sale of the business and assets took place shortly after my appointment as administrator of the company.
“I am pleased to report that all employees were transferred to the purchaser and as such there will be no redundancies.
“Furthermore, the purchaser is honouring all pre-paid future bookings, so the hotel continues to trade and customers will not be affected.”
