JKRS, which operates two country house hotels in Norfolk and Derbyshire, has been forced to call in the administrators.
The company runs the Links Country Park hotel and golf club in Cromer, which dates back to 1899 and lies in rural splendour in 35 acres of coastal country park.
The Links' sister hotel, the Peveril of the Peak in Ashbourne, Derbyshire, takes its unusual name from the novel by Sir Walter Scott. The hotel dates back to the 1830s and has 45 en suite bedrooms plus 11 acres of manicured gardens and grounds and the towering Thorpe Cloud as a backdrop.
Dealing with the administration proceedings for both properties are Timothy Dolder and Trevor Binyon of insolvency practitioners RSM Tenon Recovery.
A spokeswoman for RSM Tenon said, “The plan is indeed to sell the business and this is in progress currently - any interested parties' details are being passed to our appointed agents, but nothing has been finalised yet. There are managing agents in place running the hotels, so from that perspective it's very much business as usual,” added the spokeswoman.
Last year, JKRS had to pay fines and costs totalling £20,960 after district council officers visited the Links Country Park hotel between December 2008, and February 2009 and found several health and safety breaches.