Mass. hotels reach pricing settlement with AG Coakley

BOSTON (Legal Newsline) – Several Massachusetts hotel operators reached a settlement with state Attorney General Martha Coakley on Thursday that includes assurances that they will stop potential anticompetitive pricing practices.

Nine hotel operators allegedly were sharing information to fix or stabilize prices. Employees of the hotels allegedly were calling each other to exchange information about nonpublished room rates as well as occupancy rates. In some of these cases, hotel management allegedly would raise their prices if it was found that competitors had limited rooms available.