GuestInvest Group Limited, the HBOS-backed hotel investment firm, has become the latest casualty of the property and so has appointed Deloitte as administrators.

Nick Edwards of Deloitte said in a statement: “We have been appointed administrators and will be assessing the position of the group in order to determine the best outcome for its creditors.”

The company, whose advertisements are peppered around London’s public transport network, bought two central London properties for £120m in January and said it was looking to expand abroad.

News of Guest Invests slide into administration comes less than a month after Lloyds TSB offered to buy HBOS after its shares collapsed due to funding concerns. The deal, which is yet to be approved by shareholders, has raised fears among some property investors that HBOS, one of Britain’s biggest real estate lenders, could be forced to amend loan terms or withdraw some funding arrangements as the two banks merged their operations.