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ITT SHERATON CORP. v. 801 SEVENTH AVE., INC.

184 A.D.2d 329 (1992)

ITT Sheraton Corporation, Appellant, v. 801 Seventh Avenue, Inc., Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

June 16, 1992

The lease in question unambiguously provides for arbitration of the instant dispute concerning the valuation of land. We will not interfere with the arbitrator's broad authority to resolve the dispute (see, Matter of 166 Mamaroneck Ave. Corp. v 151 E. Post Rd. Corp., 78 N.Y.2d 88). Moreover, the arbitrators here are uniquely qualified professionals highly competent in the area of land valuation.

We decline the invitation...

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