Greene King has bought the Cow pub in Poole, Dorset off a guide price of £1.2m.
The Victorian freehold property in Ashley Cross won National Freehouse and Pub of the Year in 2007.
The pub was previously a hotel and has the added attraction of its Thienot Gallery private dining room.
Ed Bellfield, director at property agent Christie + Co, said: "The Cow offers a wonderful mix of the traditional and the contemporary, and has established a well-earned reputation as a superb gastropub - as evidenced by the numerous awards it has received and the considerable repeat business it attracts. The Cow was always going to arouse substantial market interest and we are delighted that the renowned operator Greene King has acquired the pub."
By Neil Gerrard
E-mail your comments to Neil Gerrard here.
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk
Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs
Blogs on Catererandhotelkeeper.com
Catch up with more news and gossip on all Caterer's blogs
For the latest hospitality news, sign up for our E-newsletters