The Egerton House Hotel in Bolton is set to close pending further investment, resulting in the loss of 25 jobs, and the rearrangement of eight forthcoming weddings.
The 29-room, Victorian-era hotel was bought by UK group Macdonald Hotels in 2010 from its former owner Jan Hampton, but now needs significant investment and could be converted into a residential block, reports the Bolton News.
It will close in "early 2014" said a Macdonald spokesman, who also confirmed that all weddings and existing booked customers have been contacted and helped with alternative arrangements.
The company called the loss of 25 jobs "regrettable".
"We can confirm that Egerton House (Bolton) Ltd will cease trading early in 2014. As a result, we have entered into a period of consultation with all staff."
"Unfortunately, this will result in the loss of up to 25 full and part-time jobs. Obviously, any job losses are most regrettable. We also completely understand the inconvenience this will cause and we have made contact with all customers with outstanding reservations at Egerton House and we are doing everything possible to support them in finding alternative arrangements."
Former owner Hampton bought the hotel in 2002, but continued to run the hotel after the sale in 2010. She eventually left in 2012, with shares still in the business.
She told the newspaper that she was "extremely upset" by the news.
The hotel is in the Egerton Conservation Area, in Bolton near Manchester. Dating back to 1860, it once belonged to a locally successful mill owner.