Longorias Beso Kisses Its Way Into Bankruptcy

Posted on January 9, 2011 at 10:49am by

WSJ – Desperate Housewives’ star Eva Longoria’s Las Vegas restaurant and nightclub filed for Chapter 11 bankruptcy protection Thursday, a little more than one year after its grand opening.

Court papers show that Longoria holds a 32.33% stake in Beso LLC, which operates the Beso restaurant and Eve nightclub in MGM Resorts International new CityCenter development in Sin City.

Longoria and her co-investors teamed up with well-known chef Todd English to open the first Beso (which means “kiss” in Spanish) in Hollywood in 2008, and they debuted the Vegas location in December 2009. According to Beso’s website, the restaurant’s menu takes its inspiration from Longoria’s Latin heritage, specializing in such dishes as ceviche.

In its Chapter 11 petition, filed with the U.S. Bankruptcy Court in Las Vegas, Beso reported $2.5 million in assets and $5.7 million in debts. None of its debt is secured.

Longoria is one of Beso’s top creditors, owed nearly $1.1 million on an unsecured loan and an additional $375,000 for legal fees the actress paid on the company’s behalf. The company owes its landlord $1.8 million, while Nevada taxing authorities are due more than $260,000 in sales taxes. [Continued]