The Traderszone Network

Published in TZ Latest News 1 July, 2021 by The TZ Newswire Staff

Chetrit’s lender alleges it stole $2M insurance payout for South Beach hotel damage

Chetrit Group’s new lender alleges that the New York real estate firm stole $2 million in insurance money tied to damages at the long-shuttered Tides South Beach hotel, court filings show. The latest allegations are part of a $45 million foreclosure lawsuit filed earlier this year by Safe Harbor Equity affiliate SHEDDF3 VNB LLC against CG Tides and other companies linked to the Chetrit Group over the loan backing the 11-story hotel at 1220 Ocean

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