Larken, Inc. v. Larken Iowa City Ltd. Partnership

LARSON, Justice.

The owner of an Iowa City hotel has appealed from a district court judgment denying the owner’s attempted termination of a management agreement allegedly breached by the manager’s self-dealing. The district court held that the owner’s sole remedy was termination following the thirty-day notice and right to cure provided by the management agreement, and the owner had no right to terminate the contract without notice. We reverse and remand.

I. The Facts.

The defendants, Larken Iowa City Limited Partnership and Pine Hill Iowa, Inc. (Pine Hill), and the plaintiff, Larken, Inc.…