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MATTER OF GURNEY'S INN RESORT & SPA, LTD. v. ARZANIPOUR

154466/18. Appeal No. 12406-12407. Case Nos. 2019-4738, 2019-4841, 2019-5068.

188 A.D.3d 531 (2020)

132 N.Y.S.3d 619

2020 NY Slip Op 06712

In the Matter of Gurney's Inn Resort & Spa, Ltd., Respondent-Appellant, v. Nancy Arzanipour et al., Appellants-Respondents, et al., Respondents.

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

Decided November 17, 2020.

The record does not support the court's conclusion that the valuation of petitioner's appraiser was "suspect" because it "did not appropriately value the potential average daily room rate for units that were subject to time shares in 2017" and that respondents' appraisal was more "realistic." Rather, respondents' appraiser's calculation of the potential average daily room rate resulted in a highly inflated valuation.

We have considered respondents' argument that the...

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