Future Of Hotel-Condo Developments Post-Salameh

Law360, New York (March 5, 2014, 1:54 PM EST) -- Without any discussion or rationale, the U.S. Supreme Court denied certiorari in the case Tamer Salameh et al. v. Tarsadia Hotel et al.,[1] perhaps signaling finality to the issue of whether interests in condominium hotels, combined with the opportunity for rental income, are governed by federal securities laws.

The case has been followed closely by real estate developers, purchasers and attorneys since it was first filed in December 2009. The Supreme Court’s refusal amounts to a significant win for hotel-condominium developers who have faced an onslaught...
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