Aspen Lodging Group, D/B/A Provenance Hotels, Sues Pyramid Global Hospitality for Mismanaging Hotel Properties

Miller Barondess, LLP represents Aspen Lodging Group and Provenance Hotels regarding this matter

NEW YORK, July 21, 2025 /PRNewswire/ -- It was announced on Friday, July 18, 2025 that Aspen Lodging Group, LLC, ("Aspen") operating as Provenance Hotels ("Provenance"), is suing Pyramid Global Hospitality ("Pyramid") for the financial distress and risk of foreclosure at several properties, as well as the possibility of future foreclosures, which are a direct result of Pyramid's mismanagement. The complaint alleges that under Pyramid's management, the hotels have experienced significant losses—with claimed damages exceeding $60 million to Provenance's related entities.

In December 2022, Aspen and Provenance transferred management of its hotel portfolio to Pyramid as part of a planned business transaction. Aspen and Provenance provided Pyramid with comprehensive transition support, including necessary training, resources, and information to maintain operational standards. Now, Aspen and Provenance have filed lawsuits, not only about its affiliated portfolio, but also regarding Hotel Theodore (Seattle) and The Bradley Hotel (Fort Wayne), describing similar mismanagement and breaches by Pyramid.

According to Mark A. Barondess, of Miller Barondess, LLP,  the firm representing Aspen and Provenance, "My clients are on a mission through the legal process to not only protect the value of these hotels, but safeguard the interests of their employees and investors, and preserve the legacy of excellence that their organization has built over decades. These issues are not the result of any actions by my clients. Throughout this period, the consortium has acted decisively and in the best interests of the hotels, employees, and stakeholders, including providing additional resources and support in an effort to stabilize operations." 

Barondess states, "Under Pyramid's management, the hotels experienced significant performance challenges. The pending litigation in the Supreme Court of the State of New York asserts that Pyramid and its affiliates failed to keep up with competitors in market share and revenue; let operating costs rise without proper controls; neglected key human resources responsibilities, leading to high staff turnover and workplace issues; withheld important financial and operational information from ownership; and ignored their contractual and fiduciary duties to the properties and their owners."

Barondess adds, "For more than 25 years, my clients have been recognized for our leadership in the hospitality industry. Their hotels consistently outperformed the market, maintained strong financial health, and were known for a positive workplace culture. This success was built on careful management, innovation, and a commitment to our guests and employees. The Board wants to settle this case quickly and soon thereafter, want to solely focus on bringing these highly respected properties back to its high standards of operations."

As these matters are subject to ongoing litigation, Aspen and Provenance reserves further comment at this time. This statement is not intended to be and should not be construed as a complete or comprehensive recitation of the relevant facts or law.

Legal Inquiries:
Mark A. Barondess
Miller Barondess, LLP
[email protected]

SOURCE Miller Barondess, LLP