Triyar Hospitality Managing v. WSI (II) – HWP
This appeal arises from a contract to purchase a hotel. At the heart of the dispute is a hotel management agreement. The purchaser did not discover until after it allowed the purchase contract to terminate that the management company had failed to exercise its option to renew. The purchaser alleged that the management agreement was so favorable to the management company that its termination added $11 million to the value of the hotel. The purchaser sued the seller and the management company, alleging causes of action, including breach of contract, fraud, negligent misrepresentation and promissory estoppel. The trial court found in favor of the defendants. We affirm.
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