Marriott's Renaissance Hotels to Cease Managing Eden Roc Renaissance Miami Beach on July 11

Renaissance Hotels, a division of Marriott International, Inc. MAR, will cease managing The Eden Roc Renaissance Miami Beach Hotel as of July 11, Marriott announced today.  The owner of the property has engaged a new management company.  In connection with its departure, Marriott also said that it has filed an Amended Complaint in the pending litigation against the owner, seeking millions of dollars in breach of contract damages. The management agreement permits Renaissance to operate the hotel until the year 2055.   See full press release