Talash Hotels Group has put its hotel portfolio up for sale - including flagship Stoke Rochford Hall near Grantham - for a guide price of offers in excess of £29.5m.

The group, owned by brothers and business partners Sanjay and Ravi Kathuria, has appointed JLL to sell the nine hotels located primarily in the Midlands and north west of England.

The portfolio comprises a total of 661 bedrooms - 97 of those are at Stoke Rochford Hall - and all hotels are being offered free from management.

Four of the hotels are operated subject to the franchise agreements with Accor Hotels under their Mercure brand.

The brothers acquired their first hotel in 2007 and are now looking to focus on other 'business interests'.

Ravi Kathuria said: "The Talash Hotel Portfolio is a business that has been built up by myself and my brother Sanjay over the last 12 years and it has truly been a privilege to own such great hotels which have created an incredible journey.

"We have decided to continue to pursue our other business interests.

"Our hotels give an incoming buyer a value-add opportunity and are ready to be taken to the next platform to realise their full potential."

Gavin Wright, director, JLL Hotels & Hospitality, said: "We are delighted to present to the market Talash Group's portfolio of hotels.

"All nine properties provide an incoming purchaser a variety of asset management and significant value-add opportunities.

"With a value of circa £45,000 per bedroom for the portfolio we anticipate high levels of interest from a range of domestic and overseas investors."