Up to 130 staff at two of the state's largest hotels face the axe after their parent companies went into liquidation, according to a report.
Creditors of Lanco Hobart Holdings and Lanco Launceston Holdings voted to liquidate the companies after they went into administration in December.
The ABC has reported that administrator Richard Rohrt said that there would be no job losses for the time being.
It was reported that investors will have to wait to see if they will receive about $2 million in unpaid rent.
The largest creditor, Tasmanian Perpetual Trustees, is owed about $20 million, the ABC said.
It is understood that hotel chain Accor is in negotiations to manage the hotels.