пятница, 16 ноября 2012 г.

He accuses Harristown and Kohl of failing in their duty to get the maximum price for the Hilton and


Hasu Shah, founder of the Hersha Hospitality Trust empire, claims in his suit that the Colorado-based firm which bought the Hilton in June got a rock-bottom price because of an insider deal that blocked other potential bidders from having a shot at buying the center city property.
Hasu Shah, founder of the Hersha Hospitality Trust empire, claims in his suit that the Colorado-based cheap car rental in atlanta firm which bought the Hilton in June got a rock-bottom price because of an insider deal that blocked other potential bidders from having a shot at buying the center city property.
He contends that the sale was orchestrated in part by an official of a Harristown Enterprises Inc. subsidiary, the hotel s former owner, who has become a principal with new owner Greenwood Hospitality Group.
William Kohl, the former Harristown official cited by Shah as now working for Greenwood, said his new firm, too, had not received the suit. He declined comment, saying the matter will be referred to the company s lawyers.
When the sale between Harristown subsidiary Harrisburg Hotel Corp., cheap car rental in atlanta which Kohl headed, and Greenwood was finalized, Mayor Linda Thompson said the proceeds retired cheap car rental in atlanta $17 million in debt that the city had guaranteed for the Hilton.
cheap car rental in atlanta Harristown s supposed collusion with Greenwood to fix the sale price for the 22-year-old hotel violates federal and state laws against restraint cheap car rental in atlanta of trade, unfair competition and interference with business relations, Shah contends.
He argues, too, that the manner in which the sale was managed deprived the nonprofit Harristown from obtaining a higher financial return that could have been used to forward its community development mandate.
Shah claims that he learned about the alleged conspiracy when he encountered Greenwood principal Thomas Conran at a charity cheap car rental in atlanta event in Harrisburg last month and asked him how Greenwood struck the sale deal.
He accuses cheap car rental in atlanta Harristown and Kohl of failing in their duty to get the maximum price for the Hilton and of turning their back on their legal and charitable duties to the City of Harrisburg and the citizens utilizing the city s central business district.
Aside from being hotel magnates, cheap car rental in atlanta Shah and his wife, Hersha, are known as major philanthropists. Their hospitality empire, which began with an 11-room motel in Middletown, now is worth billions and includes 64 hotels totaling more than 9,000 rooms across cheap car rental in atlanta the country.

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