Alistair McAlinden and James Dewar from Interpath were appointed joint administrators to Strathmore Hotels on Tuesday.
They said the company had been under “sustained creditor pressure” for a number of months, resulting in it being subject to a winding up petition in July.
Customers have been advised that all eight of the hotels continued to trade.
McAlinden said: “The hospitality sector has faced a number of significant challenges in recent years, including rising operating costs, inflationary pressures, workforce shortages and changing consumer spending patterns.
“Unfortunately, Strathmore Hotels has not been immune to these headwinds and has also experienced sustained financial difficulties, resulting in the appointment of the joint administrators.”
He added: “Our immediate priority is to ensure continuity across the business.
“We recognise that this news may be concerning for employees, customers, and suppliers.”