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Nick d,
There are several hundred parking spaces in Chipping Barnet town centre
See: http://www.barnetresidentsassociation.org.uk/bra/files/barnet_parking_2.11.16-1200.jpg
The loss of (I think) seven spaces is hardly likely to make any fundamental difference.
It's true that some guests of the hotel might not park in the reserved spaces in The Spires carpark, but what they most probably will do is significantly boost High Street trade.