Marriott Pursues Damages From Franchisee For Unauthorized Hotel Use As Migrant Shelter
Portfolio Pulse from Vandana Singh
Marriott International (NASDAQ:MAR) has filed a lawsuit against franchisee Pride Hotel LLC for unauthorized use of a hotel property as a migrant shelter, claiming significant brand harm and seeking over $2.6 million in damages. The legal action highlights the broader financial and operational challenges faced by businesses and the city amid New York's migrant crisis.
August 13, 2024 | 1:54 pm
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Marriott International has initiated legal action against a franchisee for unauthorized use of a hotel property as a migrant shelter, seeking over $2.6 million in damages. The lawsuit underscores significant brand harm and operational challenges.
The legal action against the franchisee for unauthorized use of the property as a migrant shelter could negatively impact investor sentiment due to potential brand damage and financial implications. The stock has already seen a slight decline.
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