Litigation
Sep. 24, 2016
Omni Hotel owner says it overpaid for $12 million space below downtown LA hotel
Owner of Omni Hotels & Resorts is suing over claims it was shut out of negotiations to purchase space below the downtown Los Angeles hotel, resulting in overpayment.
Daily Journal Staff Writer
The owner of Omni Hotels & Resorts in downtown Los Angeles is suing a state redevelopment agency over claims it overpaid for a $12 million, 1.16-acre space below the luxury hotel after being shut out of the negotiation process for the sale, according to a lawsuit filed in state court this week.
R.M.M.K.-II LLC, the property owner of the 17-story hotel which has lea...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In