City of Pasadena Obtains Close To $500,000 in Settlement with Former Sheraton Pasadena Hotel Operator for Unpaid Hotel Tax

The City of Pasadena has received $497,000 to resolve its claims in the bankruptcy of Urban Commons Cordova A, LLC, one of the former operators of the Sheraton Pasadena Hotel. Urban Commons took hundreds of thousands of dollars in transient occupancy tax and tourism business improvement district assessment monies without turning the monies over to the City on a monthly basis, as required by law. In proceedings unrelated to Pasadena earlier in Urban Commons' bankruptcy case, the bankruptcy judge found... continue reading »"City of Pasadena Obtains Close To $500,000 in Settlement with Former Sheraton Pasadena Hotel Operator for Unpaid Hotel Tax"