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HOTELS OF KEY LARGO, INC. v. RHI HOTELS

No. 96-328.

694 So.2d 74 (1997)

HOTELS OF KEY LARGO, INC., a Florida corporation, d/b/a Port Largo Marina and Resort, and Casa Magna Investments, Inc., a Florida corporation, d/b/a Bayside Key West Hotel, Appellants, v. RHI HOTELS, INC., f/k/a Lower Colony Hotels 7 Resorts, Inc., Tribunal No. 94-205 a Delaware corporation, and Colony Acquisition Corp., n/k/a Colony Hotels and Resorts Co., an affiliate of Interstate Hotels Corporation, Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied June 18, 1997.

Attorney(s) appearing for the Case

Cooney, Mattson, Lance, Blackburn, Richards & O'Connor, and Stephanie Arma Kraft, Fort Lauderdale, for appellants.

Fowler, White, Burnett, Hurley, Banick & Strickroot, and Sara Soto, for Appellee RHI Hotels, Inc.

Katz, Barron, Squitero, Faust & Berman, and Albert J. Xiques, and David R. Cassetty, for Appellee Colony Acquistion Corp.

Before LEVY, GERSTEN and GREEN, JJ.

GERSTEN, Judge.

Appellants, Hotels of Key Largo, Inc. and Casa Magna Investments, Inc. (hereafter collectively referred to as "plaintiffs"), appeal the dismissal of their complaint seeking rescission of licensing agreements based upon alleged fraudulent misrepresentations. We affirm finding the complaint fails to state a cause of action, and specifically that the plaintiffs' fraudulent inducement claim is barred by the economic loss doctrine.

The plaintiffs...

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