The proprietor of Village Hotels has picked bankers to spearhead an public sale of considered one of Britain's greatest mid-market lodge chains.

Sky News understands that KSL Capital Partners is working with Morgan Stanley on an public sale.

Initial discussions with potential patrons are stated to have gotten beneath method in latest weeks.

The course of comes because the homeowners of Center Parcs UK and Travelodge additionally weigh gross sales, with the previous having been operating an public sale together with advisers for a number of months.

Village Hotels contains a portfolio of 33 properties from Aberdeen to Bournemouth, with rooms accessible at price range costs.

Founded in 1995 as Village Urban Resorts, the resorts function pub-style eating places and gymnasiums.

KSL was reported to have paid £485m for the enterprise when it purchased it in 2014 from De Vere Group.

The Denver, Colorado-based buyout agency has additionally owned different UK lodge chains together with Hotel du Vin and Malmaison.

Village Hotels is predicted to attract curiosity from a pool of economic patrons, though a sale just isn't sure to happen.

KSL couldn't be reached for touch upon Thursday morning.