Real Estate Co. Backed Felon's $108M Hotel Deal: Suit

Law360, New York (December 15, 2011, 3:55 PM EST) -- A Virginia hotel owner filed a $1.5 million suit Thursday claiming NAI BlueStone Real Estate Capital LLC partnered him with a convicted felon in a deal to buy $108 million worth of Marriott International Inc. and Hilton Worldwide Inc. hotels.

Neil Amin, CEO of Shamin Hotels Inc., says BlueStone never warned him that Robert E. McDonald, the man behind the $108 million deal, was twice convicted on felony fraud charges. Instead, BlueStone trumpeted McDonald and his bogus private equity firm, RAI Hotel Acquisitions LP, in a...
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