J&G Inns, which operates two hotels in the north of England, has fallen into administration.
Its two properties, the Lord Crewe Arms hotel in Blanchland and Warkworth House hotel in Alnwick, will both be sold but will remain open.
Andrew Haslam, joint administrator of Begbies Traynor in Newcastle, said: "Both hotels will continue to operate as normal with all forward bookings fulfilled in the usual manner whilst the hotels are fully marketed by instructed agents Christie & Co.
"We have already received several notices of interest in both historic venues and are hopeful that a successful outcome for all parties can be achieved."
The joint administrators have instructed Christie + Co of Newcastle upon Tyne as their agents.
By Janie Stamford
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