Guy Hands, the embattled private equity boss, is facing another business headache amid rising losses at the luxury hotel chain run by his wife. Hand Picked Hotels, where Julia Hands is chief executive and Mr Hands is a big creditor, has posted pre-tax losses of £8.2m for the year to November 2009, up from losses of £3.1m the year before. The accounts, which have just been filed at Companies House, show that the couple have risked millions of pounds of their own money in loans to shore up the company. The chain owns 17 boutique hotels including the Nutfield Priory in Surrey and Rookery Hall in Cheshire, where David and Victoria Beckham held their engagement party. The pair, who have been married for 25 years, replaced nearly £27m of bank debt with their own cash in a move that reduced the company's debt burden from £126m to £99m, which is provided by Lloyds Banking Group. The filings show that Handed Picked owes Mr Hands £11.1m and Mrs Hands £11.9m in unsecured loans, plus a further £3.9m to Mr Hands in a secured loan. Turnover at the group, which was worth £160m at its last valuation, fell 5pc to £58.3m. Mrs Hands said that 2009 had been "extremely difficult" with the luxury hotel market being badly impacted by the fall-out from the financial crisis. However she insisted that she was "comfortable" with the company's debt levels and confident that 2010 would be better. Mail on Sunday