February 21, 2012 (www.hospitalitybusienssnews.com) According to a report by the Australian, Hyatt hotels has been sued by one of its’ Australian hotel owners for $60m over a claim, by the owner, that Hyatt “siphoned $60M from the Coolum resort over the past two decades”
Clive Palmer, who bought the property last year for an estimated $80m said in a statement that "We believe Hyatt has been siphoning funds over the years back to their headquarters in Chicago and there has been a major cover-up of these activities,"
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