Crescent Heights sues CitizenM over commercial units at Miami Beach hotel

Crescent Heights is suing CitizenM to force an ownership transfer of commercial units at a recently opened Miami Beach hotel.  In a lawsuit filed in Miami federal court, an affiliate of Miami-based Crescent Heights, led by Russell Galbut, Sonny Kahn and Bruce Menin, alleges the CitizenM entity that owns the 160-key hotel at 1628-1634 Alton Road is refusing to transfer ownership of the ground floor and second level commercial spaces, as required by a seven-year-old agreement. In 2018, Voorschoten, Netherlands-based CitizenM, led by CEO Lennert de Jong, entered into an agreement to buy a portion of Crescent Heights’ 1212 Lincoln […]This article originally appeared on The Real Deal. Click here to read the full story.