Thirty jobs have been saved after the sale of a Warwickshire hotel and conference centre was agreed.
The Ramada Warwick Hotel and Conference Centre at Kenilworth was sold to Wise Hotel for an undisclosed cash sum, safeguarding the jobs, after the previous owners collapsed.
Ramada Warwick is one of three West Midlands-based hotels within the Fortmere Group, which went into administration in May 2011.
On November 18, sister hotel Ramada Park Hall in Wolverhampton was sold, preserving over 100 jobs. Following the sale of the Ramada Warwick on 1 December, the Ramada Birmingham Oldbury Hotel is the only hotel that remains unsold.
David Bennett and Joe McLean of Grant Thornton UK were appointed as joint administrators of Fortmere Group.
Mr Bennett said: “The administrators have traded the Ramada Warwick since May and we are very pleased to now sell the hotel, particularly in what are still challenging times for many sectors of the economy.”
Ravi Johal, director at Wise Hotel, said: “We are very pleased to be expanding our hotel footprint in the Midlands and look to make improvements to the Ramada Warwick Hotel immediately. We aim to enhance the hotel’s trading in both business and tourist markets and look forward to working with the very experienced team already in place.”
Wise Hotel also owns the Days Hotel Coventry City located just 15 minutes from the Ramada Warwick