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Two leading UK hotels, one judge, and the R22-billion lenders no rule book governs
['The South African']
The South African
A United Kingdom high court judge has frozen the sale of two Hilton branded hotels, in London and York, while the courts decide whether one of Britain’s fastest growing unregulated lenders was entitled to take control of the company behind them.
The company’s new owner, hotel investor Boutros El Khoury, has applied to the high court to remove the administrators.
ADVERTISEMENTCohort Capital: BackgroundCohort Capital, founded in 2019, says it has deployed more than £1.7 billion and has partnered with major international investment funds on its largest transactions.
There is no suggestion that Cohort Capital, the administrators or S&W Partners have done anything wrong; the October hearing will decide only whether the conditions for the administrators’ appointment were met.
Approached for comment by The South African, El Khoury said: “We have asked the high court to determine whether the appointment of administrators over the company was valid.