District Court, D. Puerto Rico April 29, 2002, CIV.01-1475(HL), CIV.01-1546(HL) (CBR Holdings, L.P. v. Hotel Development Corp.)

OPINION AND ORDER

LAFFITTE, Chief Judge.

These consolidated actions arose out of a dispute surrounding the execution of a Purchase and Sale Agreement (“Agree

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ment”) on August 26, 1998 between seller Hotel Development Corporation (“HDC”) and purchasers Condado Beach Resot Hotel, S.E., Condado Beach Vacation, S.E., Vanderbilt Condominium, S.E., Vanderbilt Club, S.E., and Condado Village, S.E.