Property mogul Vincent Tchenguiz is preparing for yet another legal battle, this time with the Hilton hotels group.
Now he is challenging Hilton over 10 sites which he owned and leased back to the company which have now fallen into administration.
The string of hotels, which include the Hilton in Kensington, were put up for sale last year for an estimated £600m. But a sale never took place, prompting lenders to put the hotels into administration.
Today the Sunday Times reported that Tchenguiz sent a pre-action letter sent to Hilton and two hedge funds on Friday.
He accuses Hilton of frustrating the sales process in the hope of buying back the sites at a cut price.
Hedge funds Fortress and Hayfin have also become caught up in the dispute, due to Tchenguiz's belief that they provided confidential information about financing arrangements to Hilton.
Many of the sites are believed to have deteriorated, with Tchenguiz previously accusing Hilton of breaching the leases due to the poor condition of the hotels.
A spokesperson for Vincent Tchenguiz declined to comment. A representative of Hilton said they could not comment on pending litigation.