A 110-bedroom hotel in Worcestershire has been bought out of administration for circa £4 million.

Surrey-based Kew Green Hotels has acquired the four-star Holiday Inn Bromsgrove after it was brought to market earlier this year by property adviser Christie + Co on behalf of Chantrey Vellacott, joint administrators of Pederson (Bromsgrove) Ltd.

Christie + Co said the site, in Kidderminster Road, attracted "extremely high interest" with the final sale above the £3.95 million guide price.

Gavin Wright, director of hotels in Christie + Co's Birmingham office, said: "The Holiday Inn Bromsgrove is an excellent acquisition for Kew Green Hotels, adding to its 18 other Holiday Inn-flagged hotels.

"It is a well-invested, purpose-built hotel with extensive leisure, meeting and conference facilities so meets all the requirements of the serious operator.

"The sale above the asking price is indicative of a growing strength in the UK hotel market, with sites both in London and regions such as Birmingham generating great interest and good prices."

Paul Johnson, chief executive of Kew Green Hotels, added: "We are very pleased to have added this hotel to our growing portfolio of 24 owned and 12 managed hotels throughout the UK.

"We look forward to working with the hotel team to reinforce its position as the leading full service hotel in Bromsgrove, for both business and leisure travellers alike."

Kew Green Hotels also owns and manages Holiday Inn-branded hotels at Star City in Birmingham, Coventry, Leamington Spa, Walsall and Shrewsbury.