Monday, January 10, 2011

Eva Longoria's Beso Restaurant Files For Bankruptcy

Monday, January 10, 2011

In 2009 Eva Longoria and celebrity chef Todd English took their Beso restaurant concept to Las Vegas. Now a little over a year after the opening of the restaurant in the Crystals complex in CityCenter, Beso LLC has filed Chapter 11. The Wall Street Journal reports that Longoria owns around a third of a stake in the corporation which operates both the Beso Restaurant and Eve nightclub in the MGM Resorts entertainment and retail complex.

The first Beso (which means "kiss" in Spanish) opened in Hollywood in 2008. Both restaurants feature Tex-Mex items such as Eva's tortilla soup, her avocado guacamole and chili rubbed skirt steak. The Chapter 11 petition, filed with the U.S. Bankruptcy Court in Las Vegas, list assets of $2.5 million and $5.7 million in debts. According to the WSJ article, Longoria herself is owed nearly $1.1 million on an unsecured loan and an additional $375,000 for legal fees she paid on the company's behalf. The Las Vegas Sun says that the restaurant projects ongoing losses of $76,000 per month and owes $1.8 million to landlord Crystals at CityCenter. There is also ongoing litigation involving contractors the construction of the club as well as former partners.

Both Beso Hollywood and Beso Las Vegas remain open. In a statement e-mailed to The Associated Press Longoria said that she would plan to Las Vegas and take charge of the future of the restaurant and looks forward to "a more proactive, hands-on approach" with her Las Vegas businesses.

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