Shadeland Development Corp. v. Meek

MILLER, Judge.

Plaintiffs-appellees Mary R. Meek and J. Perry Meek Realty Co., Inc. (the Meeks) brought suit against defendants-appellants Shadeland Development Corp. and Holiday Inns, Inc., claiming damages arising from an alleged breach of a 60 year lease of commercial/motel property in Indianapolis, Indiana. The Meeks were owner-lessors of the property. Shadeland was a tenant under the lease but transferred its interest in the lease to another company, San Antonio Inns, Inc., which subsequently defaulted in rent payments. The Meeks alleged that the assignment of the lease by Shadeland was a…