Private lender Dorado Capital is seeking a buyer for Selina Australia’s four backpacker-style hotels after appointing receivers and administrators following the collapse of the London-based hospitality group last month.

Dorado, which is owed $5.7 million after providing funding for the renovation and operation of properties in Melbourne, Brisbane and on Magnetic Island, has appointed Liam Healey and Quentin Olde of Ankura as joint receivers and Todd Gammel and Matthew Levesque-Hocking of HLB Mann Judd as joint administrators.