Punch Taverns has sold the Mothers Huff Cap Inn near Alcester, Warwickshire, to a private investor, in a deal believed to be worth around £300,000.

The new owner has granted a new lease on the Mother Huff Cap Inn to Urban & Country Leisure, the managed multiple pub operator, taking its estate to 14 sites. Christie + Co acted on behalf of Punch on the deal.

Mother Huff Cap, which dates back to the 18th century, comprises a 40-cover main bar, a 20-cover snug, games room, 80-capacity function room, and a three-bedroom owner's accommodation.

Urban & Country Leisure is to invest £850,000 on a refurbishment programme for the site, which will commence in February, and rename the pub the Greedy Pig.