KSL Partners, the US private equity owner of Hotel du Vin and Malmaison, is preparing to put the business up for sale two years after its former parent collapsed into administration, according to Sky News.

KSL is believed to have appointed the investment bank UBS to conduct a full review of strategic options for Malmaison Group.

The review is expected to lead to a formal auction of the two hotel brands, which between them operate from nearly 30 sites across the UK, although a sale process has yet to get under way.

Hotel du Vin and Malmaison were previously owned by MWB Group, which fell into administration in November 2012.

KSL, which also owns The Belfry, one of the UK’s leading golf courses, completed the purchase of the Village Urban Resorts chain in a £480m deal this morning.