Ramada Warwick bought out of administration
The Ramada Warwick Hotel and Conference Centre at Kenilworth has been sold, safeguarding 30 jobs.
Joint administrators David Bennett and Joe McLean, of Grant Thornton, sold the site out of administration to Wise Hotel Limited for an undisclosed sum.
Ramada Warwick is one of three West Midlands-based hotels within the Fortmere Group, which went into administration in May 2011.
The sale comes a month after the Ramada Park Hall in Wolverhampton was sold, preserving more than 100 jobs. The Ramada Birmingham Oldbury Hotel is still on the market.
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.
