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Fontainebleau Miami Tussles With Condo Owners

MIAMI-Fontainebleau resort is encountering a legal disagreement with some of its condo owners.

By Paola Iuspa-Abbott | Updated on March 31, 2010

(This article, in slightly different form, originally appeared in the Daily Business Review)

MIAMI-Developer Jeffrey Soffer and partner Dubai World, owners of the Fontainebleau Miami Beach resort, have another battle to add to their growing list of legal and financial troubles. Owners of units at the Fontainebleau III Ocean Club–a condominium component of Miami Beach’s landmark Fontainebleau resort–claim in a lawsuit their building has numerous construction defects.

They also want to cut ties to the hotel’s management company. Like an increasing number of owners of units in hotel and resort properties, they say their fees are helping subsidize the operations of the hotel.

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