Administrators to 10 Hilton hotels previously owned by property tycoon Vincent Tchenguiz are set to put them back on sale after he launched a legal action over the portfolio’s collapse.
AlixPartners has appointed the agencies JLL and Savills to find buyers for the hotels, which include the London flagship site in Kensington and Puckrup Hall in the Cotswolds, after a failed auction led Tchenguiz’s lenders to put them into administration in January.
Tchenguiz took a stake in the hotels through a sale-and-leaseback deal in 2002 and later bought them outright. Hilton agreed to keep operating the sites on leases until 2029.
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