US EditionAspen Lodging Group, D/B/A Provenance Hotels, Sues Pyramid Global Hospitality for Mismanaging Hotel Properties
- Aspen Lodging Group, operating as Provenance Hotels, is suing Pyramid Global Hospitality for financial distress caused by mismanagement of hotel properties, with claims exceeding $60 million in damages.
- The complaint alleges significant losses due to Pyramid's failure to manage operating costs and maintain market share, resulting in high staff turnover.
- Barondess stated, "Under Pyramid's management, the hotels experienced significant performance challenges."
- Aspen's Board aims to settle the case quickly to focus on restoring the properties to high operational standards.
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Total News Sources55
Leaning Left6Leaning Right7Center14Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 22%
C 52%
R 26%
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