GFI employee says Allen Gross is stiffing him on 5% stake in Ace Hotel

John Saric, a vice president of development at GFI Development, says company boss Allen Gross is trying to cut him out of his ownership stake in the trendy Ace Hotel in NoMad. Saric slapped Gross with a lawsuit Friday, alleging Gross has failed to cough up any distribution related to his 5 percent stake in the project, despite repeated requests. He claims he’s owed $540,000 in Ace Hotel profits held back by Gross, just for […]

Source: Real Estate

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