Islamorada developer faces lawsuit
Robert Falor, the embattled condo-hotel developer, faces a new lawsuit over his ownership interest in Islamorada’s Cheeca Lodge.
The Chicago developer who has feuded with partners in several hotel projects in South Florida now must fight a lawsuit in Monroe County from investors claiming mismanagement and breach of contract.
At issue is Falor and partners’ 15 percent stake in the posh Islamorada resort, an investment that marked his entry in South Florida’s then-surging market for condo-hotels four years ago. A string of projects followed, but each eventually put Falor in conflict with business associates.
A spokeswoman for Cheeca’s majority owner, Johnson Resort Properties in Jackson, Wyo., said the dispute will not affect operations ”in any way” at the resort and that Johnson and Falor remain ”amicable” partners.