Marriott Wins Ruling Against Eden Roc Owners
by Michael C. LoweNovember 14, 2012
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Marriott International Inc. won a court ruling preventing the owners of the Eden Roc Renaissance Hotel in Miami Beach, Fla., from removing or replacing the hotel chain as manager of the property. In April, Eden Roc LLLP accused Marriott and its Renaissance Hotel Management division of mismanaging the property after the owners invested more than $300 million in the hotel, which included a $240 million renovation. Marriott then sued Eden Roc LLLP last month, accusing the owners of attempting a hostile takeover. New York State Supreme Court Justice Melvin L. Schweitzer subsequently placed a restraining order on Eden Roc LLLP, preventing them from removing Marriott. The 631-room property has more than 46,000 square feet of meeting space and opened in 1956.