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Irish property tycoon prepared to fight on in battle for Maybourne hotels

15 November 2013 by
Irish property tycoon prepared to fight on in battle for Maybourne hotels

Paddy McKillen, the Irish property tycoon who has been battling to wrest control of the Maybourne Hotel Group from the Barclay brothers, is set to take the bitter fight overseas.

Despite the Supreme Court refusing him permission to allow his appeal against the decision of the Court of Appeal in July that Sir David and Sir Frederick Barclay had not acted improperly when they acquired their 64% stake of Maybourne, McKillen is not yet prepared to back down.

According to The Times, McKillen is considering options to pursue his claim in Dublin and the USA. He currently owns 36% of Maybourne, which operates the Berkeley, Claridge's, and the Connaught hotels .

A spokesman for McKillen said: "Quite honestly, we are amazed and disappointed with the Supreme Court decision. We are following other legal options open to us."

Costs are expected to be awarded against McKillen, who already faces an estimated legal bill of £20m.

Barclay brothers cleared in latest battle for Maybourne Hotel Group >>

Barclay brothers battle for the Maybourne Hotel Group returns to court >>

Maybourne Hotel Group agrees new £547m debt facility >>

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