Menzies Hotels Group is looking for a new owner after its parent company Cordial Hotels entered administration.

A price to of close to £100m has been put on the 15-hotel chain, which has locations across Britain.

Christie + Co is handling the sale, which includes properties ranging from 18 to 212 bedroom locations.

Six of the hotels are operated through leasehold, while the rest operate through freehold.

KPMG took control of Cordial Hotels in May after the company defaulted on a £165m loan. In July 2011, underwent a management buyout when its previous parent company - Piccadilly Hotels - also went into administration.

Any potential buyer would receive the hotel chain complete with head offices in Derbyshire although offers will be considered for individual hotels or groups of hotels.