Adam's Mark reaches settlement with NAACP

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ST. LOUIS -- Adam's Mark Hotels & Resorts reached a settlement with the National Association for the Advancement of Colored People (NAACP), bringing an end to discrimination lawsuits stemming from a 1999 Black College Reunion in Daytona, Fla., and a boycott by the NAACP.

A related lawsuit filed by the Florida attorney general also was settled.

Adam's Mark's financial obligations include payments of $1 million to the plaintiffs -- $400,000 to a settlement fund to be distributed by the state of Florida and $600,000 to four historically black colleges -- Florida A&M, Bethune-Cookman, Edward Waters, and Florida Memorial.

In a statement, Adam's Mark said the firm consistently has maintained that it did not discriminate against guests at the event, but that "a settlement, rather than continued litigation, would be in the best interests of the hotel chain, its employees and guests."

Adam's Mark, a subsidiary of St. Louis-based HBE Corp., has 24 hotels nationwide.

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