The sale process began yesterday (15 April), with asset management company Lazard mandated to conduct the transaction.
De Vere Group is part-owned by Lloyds Banking Group, and the sale is expected to help "pay down the debt" of around £1.1bn it owes, according to a spokesman.
De Vere Venues property portfolio was recently valued at £280m and includes the Ricoh Arena in Coventry, the East Midlands Conference Centre with its newly-developed Orchard Hotel, and Grade I-listed Chicheley Hall, near Milton Keynes.
The business has invested some £112m over the last seven years and is expected to deliver £28m in earnings before interest, tax, depreciation, and amortisation this year.
A spokesman told Event there had already been some interest since the launch of the sale process yesterday, and added that De Vere Group was "very clear on its strategy to build up the business before selling".
It is expected the venues division will fetch above its £280m property value, to take into consideration the added value of the business.
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