April 17, 2018 | New York Law Journal
Does Local Law 50 Enact an Unconstitutional Taking?In their Hospitality Litigation column, Todd Soloway and William Charron discuss Local Law 50 which bans conversion of more than 20 percent of rooms in hotels with over 150 rooms. They argue the law "holds large hotel owners hostage, and imposes restrictions on their ability to put hotel properties to their highest and best use," and examine how this may violate the Federal and New York State constitutions.
By Todd Soloway and William Charron
11 minute read