Eagle Realty Invests., Inc. v. Dumon

2022 Ohio 4106, 201 N.E.3d 963
CourtOhio Court of Appeals
DecidedNovember 18, 2022
DocketC-220087 C-220109 C-220111
StatusPublished
Cited by11 cases

This text of 2022 Ohio 4106 (Eagle Realty Invests., Inc. v. Dumon) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Eagle Realty Invests., Inc. v. Dumon, 2022 Ohio 4106, 201 N.E.3d 963 (Ohio Ct. App. 2022).

Opinion

[Cite as Eagle Realty Invests., Inc. v. Dumon, 2022-Ohio-4106.]

IN THE COURT OF APPEALS FIRST APPELLATE DISTRICT OF OHIO HAMILTON COUNTY, OHIO

EAGLE REALTY INVESTMENTS, INC., : APPEAL NOS. C-220087 C-220109 FRONTAGE LODGING INVESTOR C-220111 HOLDINGS, INC., : TRIAL NO. A-1901099

and : VAIL HOTEL HOLDINGS ESHV, LLC, : O P I N I O N. Plaintiffs-Appellees, : vs.

PETER G. DUMON, :

GRAHAM L. HERSHMAN, : JULIE A. DUMON, : MICHAEL S. PAYNE,

HELMUT A. HORN, :

and : JULIE A. DUMON, as Trustee of the Julie A. Dumon Trust Dated March 24, : 2006,

Defendants-Appellants. :

Civil Appeals From: Hamilton County Court of Common Pleas

Judgment Appealed From Is: Affirmed in Part, Reversed in Part, and Case Remanded

Date of Judgment Entry on Appeal: November 18, 2022

Vorys, Sater, Seymour, & Peas LLP, Emily E. St. Cyr, David F. Hine and Eric W. Richardson, for Plaintiffs-Appellees, OHIO FIRST DISTRICT COURT OF APPEALS

Lindhorst & Dreidame Co., LPA, Bradley McPeek and Michael F. Lyon, for Defendants-Appellants Peter Dumon and Julie Dumon, Individually and As Trustee of the Julie A. Dumon Trust Dated March 24, 2006,

Hahn Loesner & Parks, LLP, Daniel A. DeMarco, Christopher B. Wick and Andrew Y. Schiefer, for Defendants-Appellants Graham Hershman, Michael Payne, and Helmut Horn.

2 OHIO FIRST DISTRICT COURT OF APPEALS

BOCK, Judge.

{¶1} Defendants-appellants Peter Dumon and Julie Dumon, individually

and in her capacity as a trustee of the Julie A. Dumon Trust (collectively “Dumons”),

and defendants-appellants Graham Hershman, Michael Payne, and Helmut Horn

(collectively “Non-Dumons”) challenge the trial court’s judgment in favor of plaintiffs-

appellees Eagle Realty Investments, Inc., (“Eagle”) Frontage Lodging Investor

Holdings, LLC, (“Frontage”) and Vail Hotel Holdings ESHC, LLC, (“Vail Hotel

Holdings”) (collectively “Beneficiaries”). For the following reasons, we affirm the trial

court’s judgment in part, but reverse the trial court’s award of attorney fees and

remand the case for further proceedings.

I. Facts and Procedure

{¶2} This appeal is the product of a failed attempt to develop a luxury hotel

in Vail, Colorado. While the Dumons and Non-Dumons were experienced developers

and managers in the hospitality industry, they lacked funding. Eagle and Frontage had

capital. So, the Dumons and Non-Dumons entered a joint venture with Eagle and

Frontage to form Vail Hotel Holdings. The parties signed an “Operating Agreement”

to memorialize the joint-venture agreement, which identified Peter Dumon’s LLC as

the managing member of the project. This dispute centers on another agreement—a

“Guaranty of Completion, Budgets Cash Flow and Other Matters” (“Guaranty”), which

was created to induce the Beneficiaries to sign the “Operating Agreement.”

{¶3} The Guaranty’s introductory recital provides that Vail Hotel Holdings

“shall enter into a Construction Contract with Haselden Construction, LLC, a Colorado

limited liability company (the “Contractor”), which Construction Contract shall be

a ‘costs plus’ contract subject to a guaranteed maximum price” (“Haselden Recital”).

3 OHIO FIRST DISTRICT COURT OF APPEALS

{¶4} Relevant here, in Section 2.1 of the Guaranty the Dumons and Non-

Dumons “unconditionally and absolutely guarantee[d]” certain obligations:

(a) except as may be excused by an event of Force Majeure,

Completion of the Project on or before the date that is twenty (20)

months following the Construction Loan Closing (“Completion

Date”) in accordance with the requirements of the Plans and Specs, the

Operating Agreement, and the Construction Loan documents and in

compliance with any and all applicable laws and requirements of all

government authorities having jurisdiction over the project, free and

clear of all liens, claims, encumbrances and rights of others (other than

liens created by the Construction Loan documents and real estate taxes

not yet due and payable);

(b) the timely payment of all costs of Completion * * * for an amount

equal to or less than Thirty-Three Million, Nine Hundred Ninety-Seven

Thousand Six Hundred Ninety-four Dollars ($33,997,694) (without

using any of the funds of the Company to pay the amount, if any, by

which the total of such costs exceeds the Guaranteed Maximum Price);

***

(h) the payment on demand of all Enforcement Costs (as hereinafter

defined).

“Enforcement Costs” mean all costs incurred by Beneficiaries under

Section 6 as well as reasonable attorneys’ and paralegals’ fees, including

the cost of inside attorneys and paralegals, costs and expenses and all

court costs and costs of appeal actually incurred by Beneficiaries in

4 OHIO FIRST DISTRICT COURT OF APPEALS

collecting any amount due Beneficiaries under this Guaranty or in

prosecuting any action against Guarantors with respect to all or any part

of the Guaranty Obligations.

{¶5} In 2016, the Dumons and Non-Dumons signed a “Reaffirmation of

Guaranty” (“Reaffirmation”) to “reaffirm their respective obligations under the

Guaranty” to induce Eagle and Frontage to explore potential transactions related to

their interests in Vail Hotel Holdings. Specifically, the Dumons and Non-Dumons

“acknowledge[d] and agree[d] that all of the terms, conditions, waivers, consents, and

covenants in the Guaranty remain unaltered and in full force and effect, and that the

Guaranty is a legal, valid and binding obligation.”

{¶6} But the development stalled and in 2019 the Beneficiaries sued the

Dumons and Non-Dumons, alleging a breach of the Guaranty and requesting damages

and attorney fees. Following two hearings, the trial court granted the Beneficiaries’

summary-judgment motion and awarded $9,905,199.77 in damages, plus

prejudgment interest and attorney fees. The trial court determined that the Guaranty

was valid, enforceable, and unambiguous, and that the Dumons and Non-Dumons

breached the agreement by failing to perform their obligations under the Guaranty. In

addition, the trial court found the request for attorney fees reasonable. Relevant here,

the trial court denied as moot the Non-Dumons’ motion to amend their answer to

include the nonoccurrence of a condition precedent as a defense. Furthermore, the

trial court denied the Dumons’ motion to strike an affidavit submitted to the court by

the Beneficiaries in support of their request for attorney fees.

{¶7} The Dumons and Non-Dumons filed appeals, which we consolidated.

5 OHIO FIRST DISTRICT COURT OF APPEALS

II. Law and Analysis

{¶8} The Dumons challenge the trial court’s judgment in two assignments of

error. For their part, the Non-Dumons raise three assignments of error. For clarity and

ease of analysis, we consider some arguments together. We review the trial court’s

grant of summary judgment de novo. Wsb Rehab. Servs. v. Cent. Accounting Sys., 1st

Dist. Hamilton Nos. C-210454 and C-210467, 2022-Ohio-2160, ¶ 22. Summary

judgment is proper if there are no issues of material fact, and, construing the evidence

most strongly in favor of the nonmoving party, the moving party is entitled to

judgment as a matter of law. Civ.R. 56(C).

The Guaranty

{¶9} The trial court’s entry of summary judgment in favor of the Beneficiaries

was proper if 1.) a valid contract existed, 2.) the Dumons and Non-Dumons failed to

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Apple-Chamberlain v. Apple
2025 Ohio 5388 (Ohio Court of Appeals, 2025)
Lunar Lagoons, L.L.C. v. Stephens
2025 Ohio 2389 (Ohio Court of Appeals, 2025)
Finn v. Seiser
2024 Ohio 5288 (Ohio Court of Appeals, 2024)
Weckel v. Cole + Russell Architects, Inc.
2024 Ohio 5111 (Ohio Court of Appeals, 2024)
American Eagle Invests., Inc. v. Marco's Franchising, L.L.C.
2024 Ohio 3038 (Ohio Court of Appeals, 2024)
N. Side Bank & Trust Co. v. Trinity Aviation, L.L.C.
2024 Ohio 590 (Ohio Court of Appeals, 2024)

Cite This Page — Counsel Stack

Bluebook (online)
2022 Ohio 4106, 201 N.E.3d 963, Counsel Stack Legal Research, https://law.counselstack.com/opinion/eagle-realty-invests-inc-v-dumon-ohioctapp-2022.