Deals
Maybourne Holder McKillen ‘Concerned’ After Nama Debt Sale
This article is for subscribers only.
Paddy McKillen, who owns 36 percent of Maybourne Hotel Ltd., has “no intention of selling his stake” in the hotel group after the 800 million euro ($1.1 billion) sale of the company’s debt to David and Frederick Barclay, according to his spokeswoman Breda Keena.
The brothers, owners of the Telegraph Media Group Ltd., bought the debt from Ireland’s National Asset Management Agency, according to a statement on NAMA’s website today. London-based Maybourne also owns the luxury Berkeley and Connaught hotels in the U.K. capital.