Alternative Hotel Group is to sell all or part of its £800m ($1.2bn) portfolio of luxury hotels in the UK.

The hotel group, which is 50% owned by Lloyds, appointed property advisers DTZ and Gerard Nolan & Partners to examine the sale options, according to

Alternative Hotel Group’s properties include Cameron House in Dunbartonshire, the 169-room Dunstan Hall in Norfolk and Slaley Hall in Northumberland.

The UK-based group also owns brands Hotel du Vin, De Vere Hotels, G&J Greenalls and Greens Health and Fitness, as well as the 78-bedroom Barony Castle Hotel, near Peebles.

Lloyds acquired a 50% stake in the group as part of its takeover of HBOS.