The troubled owner of the famous five-star London hotel has put the property up for sale, with a predicted sale price of more than the £470m the company paid in 2010.
Deloitte has revealed that it had been brought in as administrators whilst Jones Lang La Salle has been appointed to find a buyer for the 494-room hotel, which was bought by Sahara in 2010 for what was the largest London hotel deal on record, according to estate agents.
The venue is operated by Marriott and day-to-day running of the hotel will continue unaffected.
The Grosvenor House Hotel is a key property in London's C&I market, offering 31 meeting rooms including The Great Room for up to 2,000 delegates.
As well as playing host to events like the BAFTA's, last year the hotel hosted the Retail Trust's annual ball, which was attended by more than 500 delegates from the likes of Debenhams, American Express and Burberry.