Hilton Hotelier Sued For $10M Owed Over Loans

Law360, London (January 8, 2020, 6:57 PM GMT) -- A French businessman is being sued for more than $10 million in England by an investment company that claims he personally guaranteed a loan it provided to finance a Hilton-managed hotel in Jerusalem.

The High Court suit, brought by Adare Finance DAC, which is incorporated in Ireland, names hotelier-businessman Michel Ohayon, along with Yellowstone Capital Management SA, of which the investment company says the businessman-hotelier is “the ultimate beneficial owner.” Ohayon is also a property developer with business interests in Europe and Israel, according to Adare.

The Hilton-managed hotel in Jerusalem, which also includes an apartment complex, is owned by a...

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