Law Offices of Aaron Resnick’s Lawsuit Against the W Hotel Featured in the New York Times
Here is an excerpt from the article:
“The hotel operators sign management contracts, but they don’t lock themselves in forever. One day the W South Beach could be a W and the next it could be a Sheraton.
The fine print has created work for lawyers. In June a group of pro football players sued the W South Beach’s developer, 2201 Collins Fee (led by Mr. Edelstein), alleging that the developer had used a “sophisticated scheme to lure buyers to the project by using the W name as bait only to sell them a unit that was not in fact a W unit.” The players are looking to get back their deposits.
‘A condo hotel is a very difficult investment strategy,” said Aaron Resnick, a Miami lawyer representing the football players in the suits. “It’s not such an easy, simple purchase where you are going to buy and get a rent check every month. It is a lot more complicated than that.'”