High Court's Hard Rock Snub Bolsters Condo-Hotel Market

Law360, New York (February 26, 2014, 6:24 PM EST) -- Condo-hotel developers are now well-positioned to tackle a new wave of projects without fear of running afoul of federal securities laws, experts say, after the U.S. Supreme Court refused this week to scrutinize a Ninth Circuit finding that a Hard Rock hotel’s condominium sales failed to amount to securities deals.

In opting not to revive the Ninth Circuit case, the Supreme Court handed condo-hotel owners a legally solid blueprint for how to avoid trouble with the U.S. Securities and Exchange Commission when selling condo-style units, attorneys...
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