The 20-bedroom hotel was previously called the Boddington Arms before it was acquired by JW Lees from Greene King earlier this year.
It was renamed after Donald Campbell’s world-record breaking Bluebird K7 boat whose turbo-jet engine was built at the nearby BAE factory.
JW Lees has also recently reorganised to build capacity for more acquisitions, moving away from the traditional model of dividing the business into managed and tenanted pubs in favour of creating a ‘hotels and inns’ division, and a ‘pubs’ arm.
William Lees-Jones, managing director, said: “We remain firmly committed to all three of our three trading divisions as well as vertical integration where we can add value in key service areas like distribution, marketing, property and technical services.
“These are exciting times at JW Lees and we look forward to continuing to grow our business.”