Arkansas hotelier Shashwat Goyal sued over alleged mismanagement

FAYETTEVILLE, Ark. — Arkansas hotelier Shashwat Goyal has mismanaged several northwest Arkansas properties and engaged in self-dealing, according to lawsuits by investors.

Three suits filed in Arkansas state courts in October and November allege that Goyal was negligent and in breach of his fiduciary duties in running four hotels in Fayetteville, Bentonville and Rogers.

Goyal, who goes by Shash, is being sued in his official capacity as the managing member of the limited liability companies that own the hotels…

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