London hotelier loses bid to cut wife’s divorce payout

Divorce|News|December 12th 2012

Multi-millionaire hotelier Andrew Morris Davies has failed in his bid to cut the £2.75 million awarded to his ex-wife Debra by Judge Martin O’Dwyer in August 2011.
Sitting at the Court of Appeal, Lord Justices Thorpe, Elias and Rimer dismissed Mr Davies’ appeal. Lord Justice Thorpe noted that during the hearing, the wife’s “contribution to the increase in the family’s net worth was held to be exceptional.”
Lord Justice Rimer added: “In my view, there is no sound basis upon which this court can interfere with the judge’s order.”
Mr Davis is the owner of the Cardiff Hotel in Bayswater, London. The award consisted of a lump sum payment of £2.2 million, as well as the former matrimonial home in Acton, which is worth £550,000. The total amount represents one third of the value of the hotel business.
Lord Justice Thorpe said:
“Given the resounding nature of the judge’s findings in the wife’s favour anything less than a third would have been plainly unfair.”
Mr and Mrs Davies were married for four years but had been in a relationship since 1997. They had two children together. During the hearing Mrs Davies insisted that she had worked long hours to help transform the hotel, which stands in Norfolk Square.
Photo by Will Merydith via Flickr under a Creative Commons licence

Author: Stowe Family Law

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