McKillen sues over Maybourne Hotels debt deal

DEVELOPER Patrick McKillen, who holds 36% of Maybourne Hotels Ltd, is suing fellow shareholders Daily Telegraph owners David and Frederick Barclay in a dispute over a deal involving the landmark London hotel operator’s debt.

McKillen is also suing Maybourne Finance Ltd, the company that the Barclays used to acquire €800 million of the hotel group’s debt last month, according to an October 5 filing in London’s High Court.

“We are taking this action to protect our shareholding,” said Breda Keena, a spokeswoman for McKillen, in an e-mailed statement. She declined to comment further.