Vision Capital Sues Hotel Group Over Unpaid Placement Fee

Law360, Dallas (April 16, 2013, 7:17 PM EDT) -- Vision Capital Real Estate LLC on Friday launched a suit in Texas state court against the Wurzak Hotel Group, alleging the hotel company backed out of an agreement to pay a performance fee after Vision helped secure financing for new real estate acquisitions.

Vision Capital alleges it introduced Wurzak to principals at Glenmont Capital and set up various calls and meetings between the two, to discuss providing new capital for the group’s existing and future real estate opportunities, but that Wurzak terminated its contract with Vision...
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