Chestnut Inns completed on the property, its third investment, just three months after opening its second venture, the Rupert Brooke in Grantchester, Cambridge.
The Bury St Edmunds acquisition brings the hospitality company back in to Suffolk. The Packhorse Inn which opened October 2013, the first in the group’s portfolio, is in the village of Moulton just outside Newmarket.
Ounce House is a red brick, three-storey property, in the centre of Bury St Edmunds, Suffolk. It was purchased from Simon and Jenny Pott, owners for over 30 years and who ran Ounce House as a five-star rated guest house.
Plans for the site include a bar, dining, private dining, meeting room facilities and boutique accommodation, with an aim of opening in the Autumn.
Chestnut Inns’ owner Philip Turner said: “Bury St Edmunds was the logical next move. It is perfectly positioned in relation to the other businesses; close enough to be part of an operational support structure and yet far enough away to have its own customer base and target market. 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.”