NEW YORK
The American Association of Colleges for Teacher Education (AACTE) and HBE Corp., which is the parent company of Adam’s Mark Hotels, have reached a settlement agreement regarding the association’s 2000 decision to cancel hotel contracts.
The agreement terminates all claims by both parties concerning the disputed contracts with the Adam’s Mark Denver and Adam’s Mark Dallas hotels for the 2001 and 2002 AACTE Annual Meetings. Under terms of the settlement, AACTE will pay a total of $95,000 in installments until July 1, 2003.
