Long Botham Boats Company Limited confirmed on Friday that it purchased Robin Hood Pub & Restaurant Ltd. on May 1.

Robin Hood will now be run as a wholly owned subsidiary known as Little John Limited and was 100 percent financed by a seven-year loan from the Bank of Butterfield for $2,300,000.

Little John Limited signed a 20-year lease on the premises at Richmond Road in Pembroke with right of first refusal on sale.

The acquisition of the Robin Hood and incorporation of Little John Limited was approved by company shareholders at a special general meeting on April 17.

Long Botham are also the owners of Henry VIII Pub & Restaurant on South Road in Southampton.