Resort Owner Sues Hilton Over Undisclosed Agreements

Law360, New York (December 2, 2011, 4:43 PM EST) -- Bankrupt resort owner MSR Resort Golf Course LLC, itself owned by Paulson & Co., sued a unit of Hilton Worldwide Inc. on Thursday for trying to enforce tenant-lender agreements that it allegedly failed to previously disclose for three luxury hotels that were part of a $2.5 billion acquisition.

MSR claims in a suit filed in New York bankruptcy court that Hilton unit Waldorf Astoria Management LLC, as the property and brand manager, had specifically denied that the agreements existed when three hotels — Arizona Biltmore Resort...
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