Owners Christina and Andrew Brownsword are planning to spend the next two to five years restoring the former Hotel Collection property, which overlooks Torbay and the Devon coast.
The Imperial famously hosted The Beatles in the mid-sixties and provided the inspiration for several Agatha Christie novels, with Miss Marple herself visiting the hotel in her final case, Sleeping Murder.
It will be the Brownsword’s third Devon hotel, joining Gidleigh Park in Chagford and the Royal Clarence Abode in Exeter.
Andrew Brownsword said the group would relaunch the four-star Victorian property as ‘one of Britain’s very best seaside hotels’.
“We, like many people in the industry, remember fondly the heyday of The Imperial,” he said.
“The hotel benefits from a very special location on the Devonshire coast and we look forward to working with its team to begin the next chapter of its history.”
It marks the first sale within the 10-strong portfolio of regional UK hotels known as Project Solstice, which Savills and Rothschild are marketing on behalf of The Hotel Collection.