In the latest blow to the hospitality sector, a popular Nottinghamshire hotel has been put on the market after entering administration last month. The Mour Hotel in Annesley is being marketed at an asking price of £6million through Christie & Co on behalf of its administrators, with bids requested by May 22.

Situated close to Junction 27 of the M1, the five-storey hotel includes 92 en-suite bedrooms, a restaurant and bar, fitness facilities, conference and function spaces, an outdoor terrace and private parking. The venue's event facilities can host up to 150 guests, positioning the site to serve both corporate and hospitality demand in the wider Nottinghamshire area. Marketing information for the site notes that a future owner could look to introduce a branded operation to expand the hotel's commercial reach.

Mour Hotel is continuing to operate independently under its existing management structure while the sale process takes place. The hotel has also not made any of its 60 staff redundant.

The hotel originally launched as the first "Dakota" hotel by Formula 1 driver David Coulthard and hotelier Ken McCulloch. Its building was conceived by acclaimed hotel designer Amanda Rosa, who aimed for a stylish, American loft-style feel. Following its initial phase, the site became the standalone Mour Hotel in March 2009 after Dakota entered administration in 2008 and maintained a reputation for luxury in Nottinghamshire.

The operator of the 92-bed hotel appointed Bob Maxwell and Julian Pitts of Begbies Traynor Group (BTG), as joint administrators of Seymour Capital Ltd on March 18, according to NottinghamshireLive.

Mr Maxwell of BTG said: "The hotel is a renowned, award-winning venue with a thriving midweek business following due to its stylish design and excellent location in the heart of the UK. The business has suffered from lower occupancy rates at weekends, and underutilisation of its excellent event facilities.

"The venue is one hundred percent open as usual, and no bookings or event reservations will be affected in any way.

"The excellent management team at the Mour are helping to ensure that customers receive first-rate service and will be bringing new marketing efforts and deals to ensure the business trades positively while we work with agents to secure a buyer in the coming weeks."

According to frustrated hotel owner Russell Allen, it was "absolutely not necessary" in the case of Mour Hotel. He said he had borrowed £6million from Virgin Money to buy the venue in 2010, adding that the business was strong but had been unable to reach a "reasonable" financial restructuring.

"Unfortunately my bank, Virgin Money, that I've been with for 18 years, they told me they were going to support me and then they just pulled the plug," the hotelier said. "The banks are terrible, they give you an umbrella and then when it's raining they want it back."

Virgin Money told Nottinghamshire Live it would always try to help businesses through trying times, but could no longer support Mour Hotel.

"While we are not able to go into detail on specific cases, we will always try and support a business in difficulties," a spokesperson said. "However, on this occasion it has not been possible and administrators have been appointed."