OVERNIGHT PARTNERS v. GORDON


88 N.Y.2d 716 (1996)

673 N.E.2d 123

649 N.Y.S.2d 928

New York Overnight Partners, L.P., Respondent, v. Joan Gordon et al., Appellants.

Court of Appeals of the State of New York.

Decided October 15, 1996.


Attorney(s) appearing for the Case

Jay Goldberg, P. C., New York City (Jay Goldberg and John A. Kornfeld of counsel), for appellants.

Sidley & Austin, New York City (John G. Hutchinson, James D. Arden and John J. Kuster of counsel), for respondent.

Chief Judge KAYE and Judges SIMONS, TITONE, BELLACOSA, SMITH and LEVINE concur.


CIPARICK, J.

Respondent, owner of the Ritz-Carlton Hotel at 112 Central Park South, New York City, leases the land underlying the hotel from appellants, owners of the land. When the parties deadlocked on the meaning of the lease term "appraised value of the land" during negotiations for the lease renewal, they agreed to seek a judicial interpretation of that term to settle their dispute. Appellants now challenge...

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