LONDON, Oct 20 (Reuters) - Pizza Hut UK will shut 68

restaurants and 11 delivery sites, resulting in the loss of

1,210 jobs, after the company behind its British venues entered

administration, according to administrator FTI Consulting.

FTI was announced on Monday as administrator of DC London

Pie Limited, the operator of Pizza Hut's UK restaurants.

However, in a so-called pre-pack administration Pizza Hut's

global owner Yum! Brands ( YUM ), the U.S. hospitality giant,

agreed to save 64 UK restaurants, preserving 1,276 jobs.

"This targeted acquisition aims to safeguard our guest

experience and protect jobs where possible," Nicolas Burquier,

Yum! Brands' ( YUM ) managing director international operating markets,

said.

"Our immediate priority is operational continuity at the

acquired locations and supporting colleagues through the

transition."

Pizza Hut's administration comes as Britain's hospitality

industry faces mounting cost pressures, including higher staff

wages and employee social security contributions, while

cash-strapped UK consumers are cutting back on dining out.