The 36-bedroom hotel, which was previously owned by hotelier Stephanie Booth and her Llangollen Hotel Group, has been sold to businessman Seamus O'Keeffe. The hotel went into administration in July 2011.
The Chainbridge is located on a 3.1-acre plot and was named for its close proximity to the historic Llangollen chain bridge. It occupies a mainly purpose-built mid-19th century property with a 1970s extension. The deal was completed by Colliers International.
Booth was also the previous owner of the Llangollen chain bridge, originally built in the early 1800s by a local entrepreneur trying to avoid toll fees on another bridge in Llangollen.
The bridge has been closed for the past 30 years due to safety concerns but local authorities are planning to restore it to improve the tourism offering and help boost the local economy.
O'Keeffe told Insider: "We're hugely looking forward to making improvements which will greatly enhance our guests' stay with us.
"As a family-run business, we operate another hotel in Penmaenpool, The George III. Our aim is to make The Chainbridge a similar success by restoring the building's exterior, by suitably furnishing the public areas and letting bedrooms, and by creating exciting new menus which will use the best available local produce."