Radio-frequency portion of the electromagnetic spectrum is a scarce resource. Cognitive radio technology has emerged as a promising solution to overcome the spectrum scarcity bottleneck. Through this technology, secondary users (SUs) sense the spectrum opportunities free from primary users (PUs), and opportunistically take advantage of these (temporarily) idle portions, known as spectrum holes. In this correspondence, we consider a variant of the cognitive radio resource allocation problem posed by Martinovic et al. in 2017. The distinguishing feature of this version of the problem is that each SU, due to its hardware limitations, imposes the requirement that the to-be-aggregated spectrum holes cannot be arbitrarily far from each other. We call this restriction as the Maximal Aggregation Range (MAR) constraint, and refer to this variant of the problem as the MAR-constrained hole assignment problem. The problem can be formalized as an NP-hard combinatorial optimization problem. We propose a novel binary integer linear programming (ILP) formulation to the problem. The number of constraints in this formulation is the number of spectrum holes plus the number of SUs. On the other hand, the number of binary decision variables in the formulation can be prohibitively large, as for each legitimate spectrum allocation to each SU, one variable is needed. We propose a branch-and-price (B&P) framework to tackle this challenge. This framework is in fact a branch-and-bound procedure in which at each node of the search tree, we utilize the so-called (delayed) column generation technique for solving the LP relaxation of the corresponding subproblem. As evidenced by the numerical results, the LP relaxation bounds are very tight. This allows for a very effective pruning of the search space. Compared to the previously suggested formulations, the proposed technique can require much less computational effort.