A property tycoon is preparing to launch legal action against the hotels giant Hilton over 10 sites that have fallen into administration.
Vincent Tchenguiz, who is famous for his successful crusade against the Serious Fraud Office, sent a pre-action letter to Hilton and two hedge funds on Friday. Hilton’s finance director, Kevin Jacobs, is named as one of the defendants.
The row relates to 10 Hilton hotels, including the London flagship site in Kensington and Puckrup Hall in the Cotswolds, which Tchenguiz bought through a sale-and-leaseback deal in 2002.
