Don Green, the man behind the Petaluma Telecom Valley and such famous companies as Advanced Fiber Communications is caught in a fracas over a Sheraton Hotel, currently under development in Petaluma.
Green is part of an investment group which backed a hotel project spearheaded by Kirk Lok. Lok was ousted and the investment group has been wanting a better deal with the City, according to Santa Rosa Press Democrat.
bq. Petaluma rebuffed warnings it could lose its $889,000 stake in a luxury hotel, siding instead with hotel workers who filled the City Hall council chambers Monday to ask the city to retain its labor contract. An investment group is ousting entrepreneur Kirk Lok after his hotel company defaulted on a $21 million loan and plans to take over the Petaluma Sheraton Hotel, which opened 15 months ago at the city’s marina.