Complex sentence: It was run in April 1894 by John Calder, who then became bankrupt, and the lease for the building was assigned to his wife who was to run the inn, which was also her residence.
Split into simpler sentences: It was run in April 1894 by John Calder, who then became bankrupt. The lease for the building was assigned to his wife who was to run the inn, which was also her residence.