Examples of Ashford TRS in a sentence
Similarly, Otis filed an Answer to the Complaint and cross-claims against Defendants Ashford Bucks, Ashford TRS, and Remington for indemnification and contributory liability.
The Duelists inform the Judge they have been waiting for 2 minutes for a judge to answer their question.
Appellants are Palm Beach Florida Hotel and Office Building, LP; Ashford TRS Lessee II, LLC; Remington Lodging & Hospitality, LLC; and Remington Lodging & Hospitality, LP.
As stated above, the Maintenance Contract was assumed by Ashford Bucks upon purchase of the Hotel, and the obligations and liabilities associated with that Maintenance Contract were later transferred to the Hotel lessee, Ashford TRS.
Mr. Cowen testified about the respective duties and responsibilities of Ashford TRS and Remington.
Specifically, Mr. Cowen testified that Ashford TRS delegated responsibility for overseeing the operation and maintenance of the Hotel elevators to Remington; (Cowen Depo., 38:22-39:3; 65:12-18); Remington, not Ashford TRS, was responsible for getting the elevators repaired after the fire (Cowen Depo, 40:6-15; 65:5-22); and Ashford Bucks (as the Hotel owner and lessor) was responsible for paying for the repairs (Cowen Depo, 42:4-9; 44:1-7).
No. 30, Ex. B-4, ¶¶ 7-10).On March 21, 2011, Otis filed an Answer to the Complaint and a Crossclaim against the Ashford Bucks, Ashford TRS, and Remington.
We have not presented our historical financial information because we have not had any activity since our formation other than the issuance to Ashford TRS of 100 shares of our common stock in connection with the initial capitalization of our company and activity in connection with the separation and distribution.
Mr. Cowen explained that when the fire took place, Ashford TRS looked to its manager, Remington, “to execute on [Remington’s] responsibilities for determining – everything from potentially determining the cause of the fire to determining what repairs were appropriate to overseeing the repairs that were made.” (Cowen Depo., 65:12-18).
Cowen explains that Ashford TRS had a management agreement with Remington whereby Remington was responsible for running the day- to-day operations of the Hotel, including maintenance.