|Levis hotel owner sues developer|
|Written by Sentinel-Tribune Staff|
|Thursday, 15 August 2013 09:07|
PERRYSBURG - The owner of the Hilton Garden Inn at Levis Commons, and two companies owned by Levis Commons Developer Larry Dillin, are reportedly in talks concerning a lawsuit filed by the hotel.
According to the office of Wood County Court of Common Pleas Judge Alan Mayberry, a preliminary injunction hearing scheduled for Tuesday in the case was cancelled after a message from the parties indicated that the hearing would not be needed. The message further indicated that there was no rush needed for a preliminary injunction sought in the suit.
The parties are reportedly discussing the larger issues of the case.
The suit, filed July 19, was sought by Levis Commons Hotel LLC, which owns the Hilton Garden Inn, against Dillin and two of his companies, Levis Town Square LLC and its managing entity, Dillin Corp. The suit alleged "multiple anticipatory breaches of contract" in that Dillin and the companies were not cooperating in the refinancing process for a loan sought by the hotel. Under a contract, the loan, once refinanced, would permit Levis Commons Hotel to purchase the land on which the Hilton sits from Levis Commons for $1.
According to the Wood County Auditor's website, the total appraised value of the land itself is over $1 million. With improvements, the site is appraised at nearly $14.5 million.
The suit had sought a restraining order and injunctions against Dillin and the companies requiring them to cooperate with Levis Commons Hotel. Additionally, a $25,000 judgment and court costs were also being asked for.
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