McKillen ‘puts hotels out of Barclays’ reach’

The multi-million-euro battle for control of three of London’s most prestigious hotels pitting Irish businessman Patrick McKillen against billionaire brothers David and Frederick Barclay has finally been resolved.

Mr McKillen has refinanced his loans in the holding firm Coroin Ltd, that owns Claridge’s, Connaught and Berkeley hotels.

With the backing of Tom Barrack’s Colony Capital, Mr McKillen said he has put control of the hotels beyond the grasp of the Barclays and repaid his loans to IBRC.