THE owner of a landmark Great Witley hotel is trying to push through its sale before the end of the year.

The asking price of the Hundred House Hotel has been slashed from £699,000 to £550,000 in a bid to find a buyer.

Hotels specialist Peter Brunt of Colliers International said: “My client is very motivated to have sold the business before the end of the year and with 20 per cent knocked off the asking price we are confident we can achieve his objective.

“Loan finance for properties that need investment is difficult to obtain and in this case the vendor is also prepared to offer a loan secured against the property to the purchaser - avoiding the uncertainty, delay and cost of a loan application to a bank.”

The Grade II listed hotel is at the crossroads of a road network linking Stourport, Kidderminster, Droitwich, Worcester, Tenbury Wells and Bromyard.

It has 27 bedrooms, a manager's flat and banquetting facilities. The lounge bar seats around 50 people with a further 25 covers in the adjoining dining room. The Abberley Suite has its own private bar servery, where up to 130 can dine.

Mr Brunt said: “The present ownership and management partnership recognise the need for modernisation and improvement but as the hotel is a peripheral part of a much larger business empire, having decided that they have no wish to invest themselves, this, naturally, has led to a decision to sell.”