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Waldorf-Astoria Sarasota Mucked Up By Lawsuit

Uh oh. Hope you didn’t think the economy’s death grip on the hotel industry had loosened. Seems the bottom has dropped out from under the highly anticipated Waldorf-Astoria Sarasota.

The developers funding the massive project are in an ugly feud, with Gary Moyer suing his former business partner, the “much younger and wealthier” Zeb Portonova, reports the Sarasota Herald Tribune.

Back in early 2008, we reported the announcement for the coming hotel project, which was set to be a 225-room hotel featuring 38,000 square feet of meeting space, signature restaurants, a roof-top pool, and a swank spa. Delivery was expected in late 2010, so the project had sort of fallen off our radar. The Herald Tribune fills us in on the ugliness that has transpired since then:

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