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Editorial Results (free)

1. French Quarter Suites Hotel Bought Back by Original Owner -

2144 Madison Ave.
Memphis, TN 38104
Sale Amounts: $1 Million; $300,000; $200,000

Sale Dates:Nov. 20, Nov. 5 and Nov. 12, 2009
Buyer:FQI LLC
Sellers:Lodgian Memphis Property Owner LLC, Horace and Ann Proctor, and Martha D. Sutton
Loan Amount:$1.3 million
Loan Date:Nov. 30, 2009
Maturity Date:Nov. 20, 2010
Lender:Triumph Bank

2. French Quarter’s Original Owners Buy Back Property -

The French Quarter Suites Hotel has come full circle, as the group that originally owned the property in the 1980s reacquired it last month for $1.5 million.

FQI LLC, a limited liability company whose chief manager is Ronald L. Kirkpatrick, bought the shuttered hotel at 2144 Madison Ave. from three sellers – Lodgian Memphis Property Owner LLC, Horace and Ann Proctor, and Martha D. Sutton – in three separate warranty deeds all dated in November.

3. Archived Article: Real Recap - 2144 Madison Ave

Atlanta Firm Refinances French Quarter Suites

2144 Madison Ave.

Memphis, TN 38104

Cost: $4 million

Borrower: Lodgian Memphis Property Owner LLC

Lender: Merrill Lynch Mortgage Lending Inc.

Trustee: Midsouth Title...