Longtime South Shore restaurant Tio Pepe is to change hands.

The restaurant, oppositeHorseshoe Bay in Southampton, is being bought by Odilio Angeli, whose group Dining Bermuda includes Rustico, Flying Fish and The Dining Room at the lighthouse.

It’s expected Tio Pepe will close for renovations in about a month, said owner and general manager Manuel Sequeros.

Mr Sequeros said he wants to retire after 30 years in business.

He has run the restaurant since 1982, offering up Italian and Spanish cuisine.

Mr Angeli could not be reached for comment on his plans for the new restaurant.

Tio Pepe is currently open as normal, Sequeros added.

Last year, he announced the restaurant was returning to its roots, overhauling its menu to feature authentic dishes from Spain.

Tio Pepe originally had a Spanish theme and its exterior has the distinct look and feel of eateries along the southern coastline of the region. Over time, however, the menu transformed into more of a Mediterranean cuisine serving up Italian dishes.