A while back, I made a prediction that if you really wanted to get rich in Las Vegas, open a property management business catering to high rise condo hotel owners and help make the process of renting out their high rise units easier and hassle free.
Well, apparently, it's a lot tougher than it seems. In fact, a company called Nights at Vegas is doing just that, and it seems they're running into some issues with the Trump organization.
According to TMZ.com, Night's at Vegas is suing the Donald and all his partners involved in his Las Vegas high rise condo hotel tower project. And when we say suing, we mean suing in a big way, to the tune of $4 billion which is way more than he's even worth. Talk about a statement! Nights at Vegas is a licensed real estate property management company and has leased out a number of the condos at Trump's condo hotel, but only charges the unit owner 20% of the rental income as opposed to the 50% split offered by Trump's management company handling rentals in the high rise tower.
Nights at Vegas' complaint alleges that Trump has effectively made it impossible for them to do business by prohibiting them from using the "Trump" name in any of its advertising or marketing and therefore is violating anti-trust laws amongst a whole bunch of others. The complaint is detailed in the legal documentation found at the TMZ website which broke the story.
Vegas is seeing their share of perceived David vs. Goliath stories lately regarding the Las Vegas high rise condo marketplace. And from the looks of things, David is winning by all accounts in the mind of public opinion.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment