The owner of London’s Gore Hotel is facing a £100,000 claim for the balance of the purchase price of the hotel’s restaurant and bar.
Santa Barbara Hotels Ltd allegedly agreed to pay £700,000 to 190 Queen’s Gate plc for the businesses and leases in December 2002.
According to the claim, the company still owes more than £50,000 under the agreement, and an additional £35,700 for stock that it had agreed to purchase under a separate contract.
The Gore is a 19th century four-star hotel, situated at 190 Queens Gate, Kensington, SW7, near the Royal Albert Hall. Bar 190 and the Bistrot 190 restaurant are located in the basement and on the ground floor respectively.
Between December 2002 and May 2003, Santa Barbara paid £607,538.46 in instalments for the two businesses. However, 190 Queen’s Gate, now in administration, claims that it failed to make the final £92,461.54 payment when it became due on 2 May 2003.
Although the hotel made a late payment in July 2003, it has allegedly failed to pay the remaining £53,897.30. The vendor also claims that it is still owed for the restaurant and bar stock, for which payment was due in February 2003.
190 Queen’s Gate is now seeking payment of the outstanding sums, together with almost £8,000 in interest, and continuing interest of £18.66 per day.
190 Queen’s Gate plc (in administration) v Santa Barbara Hotels Ltd Chancery Division
Claim Number: HC04C01392
Claim Date: 22 April 2004
Issued By: Musa Dudhia & Co
References: EGi Legal News 2/07/04
