The holding companies of the 319-key Hyatt Regency Birmingham Hotel and the 299-key Waldorf Hilton London have fallen into administration, and the hotels will be placed on the market.

Both hotels were owned by the Bhatia family through respective holding companies, both of which defaulted late last year. Asking prices for the upper-upscale hotels have not been publicly disclosed.Both hotels are operating normally during the sale process.More than £100 million is owed on Waldorf Hilton to three creditors—Barclays, Allied Irish and Credit Agricole—which have appointed KPMG as the property’s administrator. About £30 million is owed to Barclays on the Hyatt Regency, with Ernst & Young taking over as administrator for the hotel.Both hotels are operating normally during the sale process.