Llangollen Hotels' Bodidris Hall bought out of administration

The nine-bedroom hotel and restaurant, set in a 15th Century stately home near Wrexham in North Wales, was sold for an undisclosed sum to a private buyer who intends to keep the property as a hotel.

Its sister hotels, The Wild Pheasant, Bryn Howel and Chainbridge Hotel, continue to be run by administrators for KPMG while new owners are found.

Neil Thomson, associate director hotels in the North West office of Colliers International, the office in charge of their sales, said: “We marketed the four hotels for a relatively short period of time and generated a huge amount of interest in each of the properties.

"The sales process clearly demonstrates that there’s a strong market for sustainable and profitable businesses which are realistically priced in the market place, and which will still attract bank funding despite the present difficult economic climate.”

Despite running at a profit, Llangollen Hotels' four freehold hotels were taken over by KPMG on 8 July after its parent company Global Investments Group became unable to keep up with debt payment.

Two of the group's three leasehold hotels - The Anchor in Ruthin and The Chester Bridge in Chester - remained open for trading while the third, the Wynnstay Arms in Wrexham, was closed by Llangollen Hotels' directors before the group went into administration.