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THRUWAY INVESTMENTS v. O'CONNELL & ARONOWITZ, P.C.

3 A.D.3d 674 (2004)

772 N.Y.S.2d 716

THRUWAY INVESTMENTS et al., Respondents, v. O'CONNELL & ARONOWITZ, P.C., Appellant.

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

January 15, 2004.

Crew III, J.

In 1983, plaintiffs Jagadish Garg and Pushpa Garg formed a limited partnership, plaintiff Thruway Investments, for the purpose of acquiring a local hotel. At or about the same time, the Gargs incorporated plaintiff P & JG Enterprises, Inc. for the purpose of operating the hotel and its restaurant. Thruway purchased the hotel and the ground lease for $2.8 million. Pursuant to the terms of the ground lease, Thruway was obligated to pay annual rent and...

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