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Speculation has mounted as to the future plans of the site after it was announced earlier this year the pub was to be sold by owner Kevin Gallagher.
It was revealed Timeless Land Investments Ltd was to purchase the old pub from Mr Gallagher.
The sale of the building was finalised earlier this month.
Director Philippa Thomson, who also runs Cycle Surgery Rail Trail Ltd from Middlemarch, referred to the possible involvement of other parties when contacted by the Otago Daily Times last week but declined to say who.
However, Mr Ritchie yesterday confirmed an ownership stake in the site.
The building in Sunderland St is made up of two separate titles where Mr Ritchie confirmed he had bought one of the sections.
"We bought one building which was the old accommodation building."
Mr Ritchie said the plan would be to "refresh" the existing accommodation space.
Oliver's lodge and restaurant complex on the same street is also owned by Mr Ritchie.
The Dunstan Hotel, situated in Clyde's historic precinct, was built in 1904 and included 10 guest rooms, a two-bedroom flat, a restaurant and a beer garden.
Mr Ritchie said there had been positive feedback to the proposed changes.
"I understand there is interest out there. There are a lot of people who are very positive about the changes and there's others who wish it stayed the way it was. That's life."
Ms Thomson could not be reached for further comment.