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 •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.