Martyn Leisure Breaks, which owns three Dorset hotels, the Russell Hotel, the Prince Regent Hotel in Weymouth and the Sherborne Hotel in Sherborne has gone into administration leaving 300 jobs in the balance.
A statement on the company's website said: “Peter Holder, Nick Cropper and Anne O'Keefe were appointed Joint Administrators of Hollybush Hotels Limited (the Company) on October 11 2013.
“The affairs, business and property of the company are being managed by the joint administrators who act as agents of the Company and without personal liability.
The hotels are are high profile in their respective towns with waterfront views. The administrators have said that they will honour all bookings and deposits taken.
They have also said that the hotels are up for sale and they are expecting a high level of interest.
We are not involved in the administration and questions should be directed to Zolfo Cooper LLP who are handling the administration
If you are an employee of the business and are worried, then please listen to the video below as it will tell you your rights as an employee of a business that is insolvent. There is a link at the end of the video to the Government website which expands further on what you need to know.