Barclay brothers buy debt in Maybourne hotels

Sir David and Sir Frederick Barclay, the owners of the Telegraph newspaper group, have bought debt held by Bank of Scotland in the Maybourne Hotel Group in the latest move to take full control of its prestigious London hotels.

The Barclay brothers have bought a stake in the hotel group’s debt to support their bid to control its equity.

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Hard Rock foreclosure sale rescheduled

The proposed foreclosure sale of the Hard Rock hotel-casino in Las Vegas has been rescheduled from Monday to Tuesday — assuming a New York state judge in Manhattan allows the foreclosure to proceed.
Attorneys are waiting for Bernard Fried, a New York State Supreme Court justice, to rule on the Las Vegas Hard Rock's motion that the foreclosure be blocked. In New York, the Supreme Court is a trial court similar to Clark County District Court in Las Vegas. The highest court in New York is the state Court of Appeals.
If Fried allows the foreclosure to proceed, it's now set for 4 p.m. Tuesday, New York time, on the New York City courthouse steps.

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