Port drops case against indebted hotelier
Published 1:45 pm Wednesday, January 16, 2019
- Former hotelier Brad Smithart has been ordered to pay $118,331 to the City of Astoria.
The Port of Astoria has dropped its lawsuit against Brad Smithart over unpaid rent and revenue at the Astoria Riverwalk Inn.
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Smithart, who operated the hotel between 2012 and 2015, had wracked up more than $270,000 in estimated rent and revenue-sharing. But the case was supplanted by a separate lawsuit by Param Hotel Corp., a Portland-based hotel company, against the Port.
Param and the Port recently reached a settlement, including the company’s takover of the hotel operation and the creation of an escrow account to pay off Smithart’s debts. Smithart was set to receive more than $186,000, which the city secured as collateral on back-due lodging taxes.