Tampa Strip Clubs: Westshore Hotel foreclosure caused by high debt, mismanagement
November 7, 2009A month later, the partners nailed down another critical piece of the project: a license from Westin Hotels to put the luxury brand on the high-rise they planned to build there.
But soon some partners wanted out. Jai Lalwani was looking for investors and approached Redner. He knew Lalwani as owner of an Ybor City hip-hop club called Club Fuel, a frequent target of Tampa police for violating the city’s noise ordinance.
They flew to New York with consultants to meet Westin executives. Redner was smitten by the project. In October 2007, he paid $2.6 million for a stake, he said, without doing anything close to due diligence.
The Westshore’s general manager had experience running hotels owned by a partner from Boca Raton. But he left after run-ins with Lalwani, said Toni Derby, who operates Redner businesses that include the Mons Venus strip club, a fitness center, a film production company and office property.
See the full article from “Tampabay.com”