From The Miami Herald:
Starwood Plans To Appeal Ruling
The developer of the ill-fated St. Regis Fort Lauderdale hotel won $43 million from the brand’s owner, Starwood, in a dispute that dates back to the boom days of luxury real estate. A New York judge ruled Starwood, the owner of a family of hotel brands that includes Sheraton, Westin and W, acted improperly in 2008 when it quit as manager of the 166-room tower on Fort Lauderdale Beach Boulevard and sent the owner scrambling to hire Ritz-Carlton as a five-star replacement just 18 months after opening. The divorce followed a rocky, bitter marriage between St. Regis and the company that owns the hotel, Castillo Grand. Click here for the full story.