Potential buyers for the Royal Clifton Hotel have been asked to submit a bid for the business by 23rd July.
The building was first listed for sale in November 2019 with a list price of £6m.
The popular hotel includes 120 bedrooms and has a three-star rating. It was built by Thomas Withnell in the 1850s, and is a protected grade II-listed building.
The Royal Clifton hosts weddings and events and contains nine functions rooms, as well as lounge, restaurant, bar areas, a leisure club and health spa.
Handling the sale, Ryan Lynn of Christie & Co said: “This is a great hotel well known throughout the area which has such potential as the UK hotel sector and travel industry reopens over the coming weeks.
“We are running a fast four-week process with bids due in from serious buyers by 12 noon on 23 July.”
D’Urberville Hotels, have owned the business since 2015, have decided to sell as part of a planned exit strategy.