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Plymouth’s famous Moorland Garden Hotel has been sold for more than £1million to a care home company three months after it closed leaving almost 60 weddings kiboshed.

Commercial property agent Savills has completed the sale of the former four-star hotel, on the fringe of Dartmoor National Park, to NYMS Services Limited. The sale was in excess of the guide price of £1million, Savills said.

The new owner is a care company, based in London, which provides care for people with dementia, mental health conditions and substance misuse problems. The company, incorporated in 2018, also owns the Pennine Care Centre in Glossop, Derbyshire.

It will now add the Moorland Garden Hotel, situated between Plymouth and Yelverton, with its 44 en-suite bedrooms and AA Rosette Wildflower Restaurant.

The 1930s building, with gardens and grounds that extend approximately 8.6 acres, also has a bar, lounge and Crystal Room function suite with separate bar and a capacity for 200 guests. There are three further meeting rooms, an outdoor licensed wedding gazebo.

It with former management – it was owned by Brian and Sonia Meaden, parents of Dragon’s Den TV star Deborah Meaden - saying it would be sold to a new owner who will be looking at an alternative use for the pile.

James Greenslade, associate director in the hotel investment team at Savills, said: “We are pleased to complete the sale of Moorland Garden Hotel. We continue to see regional hotels attracting interest from cash-rich investors both on existing use bases but also for possible alternative uses.”

The dreams of almost 60 couples were shattered with the sudden closure of the Moorland Garden Hotel, in the summer, with lost deposits likely to amount to tens of thousands of pounds.