Investors Say Hotel Group Lied In Air Rights Deals

Law360, New York (February 14, 2012, 12:36 PM EST) -- A group of Missouri investors who purchased air rights in the form of ownership of individual rooms in a Branson, Mo., Hilton hotel development filed a putative class action Monday against the hotel's developer and real estate agent, claiming they were misled about the rooms' potential investment value.

The investors allege that HCW LLC, the company responsible for developing the hotel, did not disclose in marketing materials that the investors would be responsible for certain room maintenance costs and falsely said that investors would receive a...
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