2024-03-04 17:43:35
”
data-script=”
>
The Bordeaux commercial court validated the recovery plan for the Grand Hôtel de Bordeaux, the Sheraton hotel at Roissy airport and the Trianon Palace in Versailles owned by the businessman.
Valued at more than 500 million euros, the walls of these hotels are held by Financière Immobilier Bordeaux (FIB), Michel Ohayon’s holding company, via subsidiaries placed in receivership at the end of January 2023. The Bordeaux businessman has mainly developed its hotel portfolio thanks to the 201 million euros borrowed from Bank of China between 2014 and 2017. But these loans were not repaid because the FIB, placed in recovery, encountered significant financial difficulties.
Michel Ohayon remains in the storm
Bank of China, which demanded the liquidation of the subsidiaries that own the three hotels, refused the business continuation plan presented by Michel Ohayon. But the court decided otherwise, considering that the scenario adopted following modifications introduced at its request was economically viable and provided sufficient guarantees for the settlement of liabilities.
Michel Ohayon, however, remains in the storm. The judges of the commercial court must rule on March 20 on the approval of the safeguard plan for the 26 Galeries Lafayette stores that it owns. And his home and office were the subject of searches carried out by the National Jurisdiction for the Fight once morest Organized Crime (Junalco) at the beginning of February.
”
data-script=”
>
1709580883
#Michel #Ohayon #saves #luxury #hotels
