Auto dealer and restaurant owner Jack Thompson has purchased the Golden Pheasant Inn at auction for $1.25 million.
The inn at 763 River Road in Tinicum Township, had been family owned for more than 30 years.
It was operated as a French restaurant by chef Michel Faure, his wife, Barbara, and their five daughters. The couple retired in 2011, and Barbara Faure died last year.
The sisters closed the restaurant June 2, saying they wished to spend more time with their families.
According to the Traiman Auction website, the property sold July 22, for $1,250,000.
The asking price had been $2.9 million for the building and its contents, 7 acres of land between the Delaware River and Delaware Canal, and the liquor license.
In addition to his auto dealerships, Thompson owns the Black Bass Inn and the Lumberville General Store, both on River Road in Solebury Township.