The Traderszone Network

Published in TZ Latest News 4 August, 2016 by The TZ Newswire Staff

Ace Hotel co-owner claims he’s being cut out of the business

The trendy Ace Hotel is a magnet for hipsters and celebrities — and lawsuits, it seems. Michael Bisordi, a part-owner of the hotel chain, said he’s been cut out of Ace’s profits for three years since founder Alex Calderwood’s death an apparent drug overdose in 2013. In court documents, Bisordi said he worked closely with Calderwood for 12 years to build up the business.Bisordi’s suit comes on the heels of Calderwood’s father’s suit last year, … [more]

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