In addition to the awards, Rathbone Barton Olsen assisted the owners with selling the hotels, avoided Moody’s undocumented demands for a 3.5% disposition fee, and in the case of the Towneplace hotel, avoided Moody’s demand that the owners pay for the hotel’s outstanding payroll, management, and operating costs.
Brett Moody is the sole shareholder of Moody Management Corporation, the general partner of Moody National Management, L.P., which is the sole member of the tenant entities.
The arbitrations were filed with the American Arbitration Association as TIC TPS Portland 1, LLC v. Moody National TPS Portland MT, LLC, Case No. 01-15-0004-2084, and TIC Grapevine GP 2, LP v. Moody National Grapevine MT, LP, Case No. 01 15 0004 9713.
Coni Rathbone, Paul Barton, and Joe Carlisle represented the owners. Rathbone Barton Olsen represents tenant-in-common owners across the country with loan workouts, refinancing, sales, and litigation.
Please direct questions to Paul Barton at (503) 941-9624.