Marriott Seeks Damages Against the Eden Roc Renaissance
Friday June 14th, 2013 - 9:30AM BM
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MIAMI—Renaissance Hotels, a division of Marriott International, Inc., will cease managing The Eden Roc Renaissance Miami Beach Hotel as of July 11. Marriott also said that it has filed an Amended Complaint in the pending litigation against the owner, seeking millions of dollars in breach of contract damages. The management agreement permits Renaissance to operate the hotel until the year 2055.
The Renaissance hotel brand has operated the Eden Roc Hotel under a long-term management agreement with Eden Roc, LLLP, which is controlled by Key International, since 2005 and contributed financially to its extensive renovations, according to Marriott. During this period, Eden Roc became fully integrated into the global Renaissance Hotels lifestyle brand portfolio.
The owner of the property has engaged a new management company, according to Marriott.
Tags: • Hospitality • Brands • Operational •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.