OPINION & ORDER Ithaca Capital Investments I, Ithaca Capital Investments II, and Orestes Fintiklis (jointly, “Plaintiffs”) bring this action against Trump Panama Hotel Management LLC and Trump International Hotels Management (jointly, “Trump Hotels”) seeking a declaratory judgment that Plaintiffs are not subject to the jurisdiction of the International Chamber of Commerce (“ICC”) and injunctive relief barring Trump Hotels from further prosecuting Plaintiffs before the ICC. Trump Hotels bring counterclaims against Plaintiffs sounding in fraud and breach of contract. Before the Court is Plaintiffs’ motion to stay the action pending the resolution of a related arbitration brought by non-party Hotel TOC, Inc., against Trump Hotels. For the reasons set forth below, the motion is DENIED. I. BACKGROUNDThis dispute concerns the relationship breakdown between the owners of units in a Panamanian condominium hotel and the companies in charge of the hotel’s management. Trump Hotels, the defendants and counter-claimants in this case, manage the hotel. Ithaca I and Ithaca II, two of the plaintiffs and counter-defendants in this case, own the majority of units at the hotel. Fintiklis, the remaining plaintiff and counter-defendant, is the principal and president of Ithaca I and Ithaca II. Hotel TOC, a non-party to this suit, represents the beneficial owners of the condominium units.The dispute centers on events leading up to and during a meeting of hotel unit owners on October 14, 2017.1 Ithaca I and Ithaca II had just bought the majority of units in the hotel a few months prior to the meeting. Doc. 38 at 26. On October 3, 2017, Fintiklis sent a mass email to all unit owners requesting their attendance at a meeting on October 14, 2017 to discuss owners’ interests. Doc. 38 at 28. Trump Hotels learned of the meeting and warned Fintiklis not to take any actions adverse to Trump Hotels’ interests at the meeting, as that would violate the sales contract he signed with Trump Hotels to buy the units. Doc. 38 at 28. Fintiklis represented to Trump Hotels that the meeting would simply be an informal meet and greet over lunch. Doc. 38 at 28. During the meeting, Fintiklis and others purported to change the composition of the leadership of Hotel TOC. Doc. 38 at 30-31. The newly reorganized Hotel TOC then immediately served Trump Hotels with a Notice of Default on the Hotel Management Agreement (“HMA”) between Hotel TOC and Trump Hotels. Doc. 38 at 33.On the same day as the meeting, Hotel TOC commenced an arbitration against Trump Hotels before the International Chamber of Commerce, alleging that Trump Hotels mismanaged the hotel and seeking $15,000,000 in damages. Doc. 50 Ex. D. In response, Trump Hotels asserted counterclaims against Hotel TOC, alleging that Hotel TOC breached the HMA and that the actions Hotel TOC took in terminating the HMA were ultra vires. See Doc. 50 Ex. A at
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