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Editorial Results (free)

1. $5M Building Permit Filed for Hotel Indigo -

Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

2. Hotel Indigo, Trader Joe’s Move Ahead -

22 N B.B. King Blvd., Memphis, TN 38103: Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

3. $5M Building Permit Filed for Hotel Indigo -

Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

4. Former Benchmark Hotel Declared Public Nuisance -

The site of the former Benchmark Hotel in Downtown Memphis has been declared a public nuisance by the Memphis and Shelby County Environmental Court.

The “tough” decision by Judge Larry Potter was made Thursday, Feb. 1, after several hours of legal wrangling by attorneys Danny Schaffzin – representing the Downtown Memphis Commission and a coalition of surrounding business owners including The Rendezvous’ John Vergos, and The Peabody hotel’s Marty Belz – and William Sessions, representing the building’s owners, MNR Hospitality.

5. $5M Permit Filed for New Hotel Indigo -

Atlanta-based Three P Partners has filed a $5 million building permit application with the Office of Construction Code Enforcement to construct a 118-room Hotel Indigo at the corner of North B.B. King Boulevard and Court Avenue.

6. 3 Tennessee Hotels Join AAA Diamond List -

Tennessee boasts three new AAA Diamond-rated properties – the highest-rated hotels in North America, according to the latest round of AAA Diamond Ratings.

The properties range from restored historic mansions to ultra-chic modern hotels and all offer a high degree of hospitality, service and attention to detail. AAA touts its ratings as the most respected in the hospitality industry.

7. Former Benchmark Hotel Declared Public Nuisance -

The site of the former Benchmark Hotel in Downtown Memphis has been declared a public nuisance by the Memphis and Shelby County Environmental Court.

The “tough” decision by Judge Larry Potter was made Thursday, Feb. 1 after several hours of legal wrangling by attorneys Danny Schaffzin, representing the DMC and a coalition of surrounding business owners including John Vergos and Marty Belz, and William Sessions, representing the building’s owners, MNR Hospitality.

8. Digest -

Memphis Toys R Us

To Remain Open

A representative with Toys R Us has confirmed to The Daily News that the retailer’s Memphis location, at 7676 Polo Ground Blvd., won’t close after all.

9. Last Word: 50 Years Ago, Skeleton Hotel in Court and New Moves on Forrest -

It was 50 years ago Thursday that the event that sparked the 1968 sanitation workers strike happened near Colonial and Sea Isle in East Memphis. City sanitation workers Robert Walker and Echol Cole were killed when the trash compactor on back of their city truck malfunctioned and crushed them.

10. DMC Wants Benchmark Hotel Declared Nuisance -

The Downtown Memphis Commission is seeking to have the Benchmark Hotel property at 164 Union Ave. declared a public nuisance.

The Shelby County Environmental Court will hold a hearing Thursday, Feb. 1, at 1:30 p.m. to determine whether the blighted hotel, located on the north side of Union west of South B.B. King Boulevard, should be considered a public nuisance under the Tennessee Neighborhood Preservation Act.

11. Orion, LEO Buy Slice of Wonder Bread -

The Center City Revenue Finance Corp. approved a trio of sales on Tuesday, Jan. 9, including two involving the $73 million Bakery Development in the Medical District and the Beale Street Hampton Inn.

12. New Owners of Downtown Hotel Seeking PILOT Transfer, Bakery Development Project Progressing -

Richmond, Virginia-based Apple Hospitality REIT is seeking an assignment from the Center City Revenue Finance Corp. in order to complete the purchase of the Hampton Inn & Suites Memphis – Beale Street located at 175 Peabody Place in Downtown Memphis.

13. New Owners of Downtown Hotel Seeking PILOT Transfer, Bakery Development Project Progressing -

Richmond, Virginia-based Apple Hospitality REIT is seeking an assignment from the Center City Revenue Finance Corp. in order to complete the purchase of the Hampton Inn & Suites Memphis – Beale Street located at 175 Peabody Place in Downtown Memphis.

14. Downtown Hotel Revival; Two Companies Look to Expand in Southwest Memphis -

5050 E. Holmes Road
Memphis, TN 38118

Project Cost: $720,000

Application Date: Dec. 20, 2017

15. Former Benchmark Hotel Set for Redevelopment -

The owner of the former Benchmark Hotel at Union Avenue and South B.B. King Boulevard appears ready to move forward on the redevelopment of the partially gutted five-story hotel.

MNR Hospitality LLC, an affiliate of Goodlettsville, Tennessee-based Epiq Hotels Inc., has filed a $600,100 building permit application with construction code officials to renovate the 103,000-square-foot structure at 164 Union.

16. Former Benchmark Hotel Set for Redevelopment -

The owner of the former Benchmark Hotel at Union Avenue and South B.B. King Boulevard appears ready to move forward on the redevelopment of the partially gutted five-story hotel.

MNR Hospitality LLC, an affiliate of Goodlettsville, Tennessee-based Epiq Hotels Inc., has filed a $600,100 building permit application with construction code officials to renovate the 103,000-square-foot structure at 164 Union.

17. Possible Trader Joe’s Update, New $35M Airport Facility -

In this week’s Real Estate Recap, a new development in the saga of Germantown’s Trader Joe’s, Memphis International Airport begins work on a new $35 million facility, and Central BBQ announces a new a location...

18. Lenox Park Buildings Sell for $5.3 Million -

This week's Real Estate Recap features the sale of two Class A office buildings totaling more than 200,000 square feet; a residential development being planned near a proposed new elementary school in Germantown; and more.

19. Cannon Center Promotes Hirt To Event Services Coordinator -

Jasmine Hirt has been promoted to marketing and event services coordinator for the Cannon Center for the Performing Arts less than a year after joining the venue’s staff as marketing and event services assistant. In her new role, Hirt is responsible for advancing, managing and coordinating marketing efforts for ticketed events at the 2,100-seat venue, which is managed by Memphis Management Group.

20. Council Funds Beale Crowd Consultant, Abolishes $5 Cover -

Memphis City Council members voted Tuesday, Nov. 7, to approve $50,000 in funding for a crowd control consultant for the Beale Street entertainment district and to end the $5 cover charge for entry into the district on spring and summer Saturday nights after 10 p.m.

21. Peabody Hotel Executives Win Industry Accolades -

Two Peabody Hotel executives have won accolades from hospitality industry organizations.

Michelle Tavares, director of food and beverage for The Peabody Memphis, has been named “Lodging Manager of the Year” in the large property category by the Tennessee Hospitality & Tourism Association (TnHTA).

22. Peabody Hotel Executives Win Industry Accolades -

Two Peabody Hotel executives have won accolades from hospitality industry organizations.

Michelle Tavares, director of food and beverage for The Peabody Memphis, has been named “Lodging Manager of the Year” in the large property category by the Tennessee Hospitality & Tourism Association (TnHTA).

23. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

24. GPAC Planning New Open-Air Venue -

1801 Exeter Road, Germantown, TN 38138

Owner: Germantown Performing Arts Center

25. Overton Square Hotel Awarded Tax Incentives -

The developers of a $24 million Overton Square hotel and a Canadian elevator company looking to build its first U.S. facility in Memphis have been awarded tax incentives to move ahead with their projects.

26. Overton Square Hotel Approved for Tax Incentives -

The Economic Development Growth Engine board has approved Loeb Properties' request for a 15-year tax abatement to build a 100-room boutique hotel near Overton Square.

Despite some concerns from the EDGE board over the definition of blighted property, Loeb Properties and its partners, boutique hotel developer LRC2 Properties and hospitality management company MMI Hotel Group, were approved for the payment-in-lieu-of-taxes incentive Wednesday, Sept. 20, to help offset the construction costs of the $24 million hotel.

27. Flee Joins Youth Villages To Lead Digital, Creative Strategy -

Travis Flee has been named a director of Youth Villages’ marketing and communications department, where he serves as director of digital strategy and creative services. Flee comes to Youth Villages with nearly 20 years of marketing experience, serving most recently as the director of digital brand marketing for Hilton Worldwide.

28. Loeb Properties Planning $24M Overton Square Hotel -

Loeb Properties wants to build on the revival of Overton Square by adding a $24 million, 100-room hotel in the district.

The Memphis-based company and its partners – boutique hotel developer LRC2 Properties and hospitality management company MMI Hotel Group – are seeking a 15-year tax abatement to construct a 100-room boutique hotel at the southwest corner of Cooper Street and Trimble Place, south of Madison Avenue in Midtown Memphis.

29. Snapshot: Downtown’s Latest Boutique -

The framework of a 140-room Hilton Garden Inn across Union Avenue from AutoZone Park is taking shape. Formerly a Greyhound bus station, plans for the 1.3-acre property were originally announced in March 2014 when Nitinkumar “Nick” Patel with Knoxville-based Turkey Creek Hospitality purchased the site. Turkey Creek also acquired an adjacent parking lot and plans to develop a Holiday Inn Express there.

...

30. Wood Helps Memphis National Keep Business in the Fairway -

Brian Wood is head golf professional at Memphis National Golf Club, a role in which he oversees a variety of functions related to the club's operations. Wood, a PGA professional and member of the Tennessee Section of the PGA of America, previously served as assistant golf professional at Windyke Country Club.

31. $18.5 Million Permit Filed for Central Station Project -

In this week’s Real Estate Recap, developers pull an $18 million permit for the Central Station overhaul, another new Downtown hotel is in the works and the new Laurelwood bookstore gets a restaurant...

32. Developers Pull $6M Permit For New Downtown Hotel -

A long-awaited Downtown hotel project finally takes a step forward.

The Beale Street Hotel Group has filed a $6 million building permit application with the city-county Office of Construction Code Enforcement to build a new 115-room hotel across from AutoZone Park, home of the Memphis Redbirds.

33. Developers Pull $6M Permit for New Downtown Hotel -

A long-awaited Downtown hotel project finally takes a step forward.

The Beale Street Hotel Group has filed a $6 million building permit application with the city-county Office of Construction Code Enforcement to build a new 115-room hotel across from AutoZone Park, home of the Memphis Redbirds.

34. Ole Miss Buys Baptist Hospital in $22 Million Deal -

2301 S. Lamar Blvd.
Oxford, MS 38655

Sale Amount: $22 million

Sale Date: June 15, 2017

35. Midtown Medical Facility Sells for $9.5 Million -

Southern California-based Majestic Realty Co. has purchased a Midtown medical facility from Vanguard of Memphis LLC for $9.5 million, according to paperwork filed with the Shelby County Register of Deeds.

36. Unwilling Private Sector Gives Park Workers a Victory -

Two state parks are celebrating victories in an atmosphere of uncertainty created by the governor’s penchant for privatizing state functions.

Fall Creek Falls drew no bidders for a $20 million plan to hire a vendor who would tear down its inn, construct a new one and take over operations for 10 years. Henry Horton State Park, meanwhile, is set for $10 million in improvements this coming fiscal year, including upgrades to its hospitality facilities, plus a new visitors center, rather than a proposal to raze its inn and not rebuild.

37. New York Firm Pays $23M for 3 Germantown Hotels -

7750 Wolf River Blvd., 9314 Poplar Pike and 9320 Poplar Pike, Germantown, TN 38138 | Sale Amount: $23 million

Sale Date: April 28, 2017

38. CCRFC OKs Sheraton Deal, Incentive for Oden HQ -

The sale of the 600-room Sheraton Memphis Downtown took a step forward Tuesday, April 11.

The Center City Revenue Finance Corp. unanimously approved a request to reassign an existing payment-in-lieu-of-taxes incentive for the hotel, 250 N. Main St., to a joint venture between Louisville, Kentucky-based Schulte Hospitality Group and Starwood Capital Group.

39. Council Faces Beale Street, Parking Decisions -

Memphis City Council members have an agenda full of hot spots Tuesday, April 11. They vote on a move to abolish the Beale Street Tourism Development Authority, check to see if both sides paying for a Memphis Zoo parking solution in Overton Park are on the same page and take a final vote to change on-street parking around FedExForum and The Orpheum Theatre to a flat fee of $10 for “special events.”

40. “Gateway’ Puzzle Begins To Come Together -

Starting last summer, a new ownership group for the city’s largest hotel by room count was undertaking its due diligence largely out of the public eye.

There were some rumblings about the Sheraton Memphis Downtown changing hands three years after a renovation of the 600-room hotel attached to the Memphis Cook Convention Center.

41. City's Largest Hotel Changes Hands In Latest 'Gateway' Puzzle Piece -

The largest hotel in the city by room count is changing hands in what is a key part of the city’s effort to remake the Memphis Cook Convention Center as a part of a larger “Gateway project” in the general convention center area.

42. Last Word: Mike Rose, Bartlett High Options and Memphis-Nashville Talk -

Mike Rose transformed Memphis-made Holiday Inn from a single brand to multiple brands and a corporation that transformed the hospitality industry as casino gaming spread beyond Las Vegas and Atlantic City in the 1990s. During his time at the helm of Holiday Inns and Promus Companies, Rose was also one of the city's most influential corporate leaders with the money and ability to raise money and set terms that made possible the transformation of St. Jude into a research institution and pointed the University of Memphis in that direction as well. Rose died Sunday in Nashville of cancer.

43. Penn National Gaming to Buy 2 Tunica Casinos for $44M -

1450 Bally Blvd.
Robinsonville, MS 38664 

Sale Amount: $44 million

Sale Date: March 28, 2017

44. Griffin Joins Memphis in May To Lead Marketing Efforts -

Robert Griffin has joined Memphis in May International Festival as director of marketing, a role in which he’s responsible for all marketing and communication programs, promotions, media and public relations, marketing research and sponsorship activation for the annual festival. 
Griffin comes to Memphis in May with nearly 20 years’ experience in marketing and advertising.

45. Knoxville Hotel Group Buys Land Across From AutoZone Park -

Vision Hospitality Group, a Knoxville-based hotel company, just purchased a vacant parcel of land across from AutoZone Park – possibly paving the way for a new Downtown hotel just blocks from Beale Street.

46. Inn Construction, Private Management Plan Draw Ire of State Sen. Lee Harris -

State Sen. Lee Harris is criticizing Gov. Bill Haslam’s decision to renew an outsourcing plan for development and operations at Fall Creek Falls State Park, calling it a move to bolster profits for a private company.

47. Loflin Yard Developer Working on New Restaurant Concept Downtown -

Two of the developers of Loflin Yard are planning to restore another vacant lot in the South Main Arts District into an indoor/outdoor bar and restaurant using repurposed metal grain silos.

Owner Brad Barnett and developer Mac Hopper took their plans to repurpose a vacant, overgrown 15,000-square-foot lot at 141 E. Carolina Ave. and an existing building across the street at 134 E. Carolina Ave. to the Center City Development Corp. Wednesday where they were granted a $57,550 Exterior Improvement Grant to assist with outdoor renovations.

48. CRE Brokers Speculate on Future of Commercial Appeal Headquarters -

When USA Today Network executive and president of The Tennessean newspaper Laura Hollingsworth came into town the day after The Commercial Appeal announced printing operations will be moving to Jackson, Tennessee, she told the staff that while no immediate plans were in place, selling the daily paper’s iconic building was certainly a possibility down the road.

49. Blake Shelton-Themed Bars to Open in Tennessee, Oklahoma -

NASHVILLE, Tenn. (AP) – The company that owns the Grand Ole Opry and the Ryman Auditorium is opening two new venues in Tennessee and Oklahoma with the help of country star Blake Shelton.

50. Holiday Inn Wolfchase Sells for $11.5 Million -

The Holiday Inn Hotel & Suites Memphis-Wolfchase Galleria has sold for $11.5 million.

RLM II Investors LLC and Texas-based Royal Living Inc. bought the hotel from Wolfchase Hotel Associates LLC. According to a Dec. 15 warranty deed, RLM II Investors purchased a 33 percent interest in the property, with Royal Living Inc. buying the remaining 67 percent interest.

51. Developer Buys Former Merle Norman Warehouse -

3670 S. Perkins Road

Memphis, TN 38118

Sale Amount: $1.3 million

Sale Date: December 2016

Buyer: Farnsworth Investment Co.

52. Holiday Inn Wolfchase Sells for $11.5 Million -

The Holiday Inn Hotel & Suites Memphis-Wolfchase Galleria has sold for $11.5 million.

RLM II Investors LLC and Texas-based Royal Living Inc. bought the hotel from Wolfchase Hotel Associates LLC. According to a Dec. 15 warranty deed, RLM II Investors purchased a 33 percent interest in the property, with Royal Living Inc. buying the remaining 67 percent interest.

53. Platform for Property -

Airbnb is revolutionizing the hospitality industry causing legislators worldwide to scramble to regulate it, but the Memphis City Council is gaining state and national attention for its hands-off attitude.

54. McNeill Commercial Real Estate Thrives By Focusing on Flexibility -

McNeill Commercial Real Estate doesn’t focus on one discipline, location or product type.

While some developers focus on multifamily, retail or industrial properties, for example, McNeill dabbles in it all. That includes a hospitality group that started in 2014 to expand on its already present hotel focus.

55. A S Hospitality, Teraco Create Partnership -

A S Hospitality, a division of Dexter Solutions, a leading brand delivery services company, has officially signed a long-term partnership with Teraco that further expands its products and services for the hospitality market. The multi-year agreement names A S Hospitality as Teraco’s sole distributor of hotel key cards.

56. A S Hospitality, Teraco Create Partnership -

A S Hospitality, a division of Dexter Solutions, a leading brand delivery services company, has officially signed a long-term partnership with Teraco that further expands its products and services for the hospitality market. The multi-year agreement names A S Hospitality as Teraco’s sole distributor of hotel key cards.

57. Kane Discusses Bass Pro Changes, Mud Island, Convention Center -

Bass Pro Shops may be rethinking its mix of retail and attractions at the Pyramid, says the head of the Memphis Convention & Visitors Bureau.

In its first year of operation, Bass Pro Shops at the Pyramid drew 3 million visitors.

58. Madison Hotel Sells to Chicago-Based Hotel Group -

79 Madison Ave.

Memphis, TN 38103

Sale Date: June 21 

Buyer: 79 Madison Avenue LLC

59. Poplar Place Apartments Sell for $15.3 Million -

1669 Randolph Place
Memphis, TN 38120

Sale Amount: $15.3 million

Sale Date: May 6

Buyer: Poplar Place TN Townhomes LLC

60. Cordova Wingate Sells for $6 Million -

A Cordova hotel has sold for $6 million.

Amber Hospitality LLC purchased the Wingate by Wyndham hotel from Tirupati LP in a May 5 warranty deed. The three-story hotel, built in 1998 at 2270 North Germantown Parkway, bears 55,932 square feet, according to the Shelby County Assessor of Property. It most recently was appraised at $2.6 million.

61. Cordova Wingate Sells for $6 Million -

A Cordova hotel has sold for $6 million.

Amber Hospitality LLC purchased the Wingate by Wyndham hotel from Tirupati LP in a May 5 warranty deed. The three-story hotel, built in 1998 at 2270 North Germantown Parkway, bears 55,932 square feet, according to the Shelby County Assessor of Property. It most recently was appraised at $2.6 million.

62. Memphis Consultant Says Airport Area ‘Gone’ for Hotel Development -

One of the last remaining hotels near Memphis International Airport has sold in foreclosure for the second time in less than five years.

Chuck Pinkowski, a local hotel consultant with Pinkowski & Co., said that a multimillion-dollar renovation couldn’t save the Holiday Inn from a declining hotel market.

63. Strickland’s First Budget Includes Police Raise -

Memphis Mayor Jim Strickland presents his first budget proposal Tuesday, April 19, to the Memphis City Council just four months after taking office as mayor.

64. Lawmakers Lure Us In With Momentary Sanity, And Then... -

Just when it appears the Tennessee Senate is made up of sensible people – as evidenced by the killing of de-annexation legislation – the body is changing course with a Bible-thumping measure.

65. City Council Considers Frayser Truck Stop -

Memphis City Council members vote Tuesday, March 1, on a 20.8-acre convenience store, hotel, restaurant and truck wash at the Hollywood Street and Interstate 40.

The development by Hospitality Builders of America Inc. is on the site of the old Treasury department store.

66. Homewood Suites Proposed For Vance Area of South Main -

A six-story Homewood Suites hotel is the latest new development proposed in the South Main Historic District.

The application to the Land Use Control Board for the hotel at 139 Vance Ave., between Mulberry and Second streets, is from NPH Investments on a lot owned by Henry and Cheri Rudner. The proposed site sits two blocks north of the National Civil Rights Museum and three blocks south of FedExForum.

67. Apartment Association Awards Take Place Jan. 8 -

The Apartment Association of Greater Memphis will host the 11th annual Diamond Achievement Awards on Jan. 8.

Over 500 members are expected to attend as the industry’s top professionals are honored in over 40 award categories.

68. Apartment Association Awards Taking Place Jan. 8 -

The Apartment Association of Greater Memphis will host the 11th annual Diamond Achievement Awards on Jan. 8.

Over 500 members are expected to attend as the industry’s top professionals are honored in over 40 award categories.

69. Holiday Inn Express Ready To Rise Near Graceland -

3411 Elvis Presley Blvd.
Memphis, TN 38116

Loan Amount: $4.8 million

70. New Holiday Inn Express Rising Near Graceland -

Holiday Inn Express and Suites is ready to shake up the Graceland area with a $4.8 million construction loan recently arranged by the Memphis office of Financial Federal Bank.

71. New Holiday Inn Express Rising Near Graceland -

Holiday Inn Express and Suites is ready to shake up the Graceland area with a $4.8 million construction loan recently arranged by the Memphis office of Financial Federal Bank.

72. LEDIC’s High-Tech HQ To Be LEED Certified -

LEDIC’s new East Memphis headquarters will aim for a LEED-certified silver status and bring high-speed fiber optic Internet to the area, according to documents recently submitted to the Memphis-Shelby County Economic Development Growth Engine.

73. FrontDesk Connect Brings Concierge to App -

Imagine toting luggage up a hotel elevator and down a corridor to the room, only to find that the key doesn’t work. Carrying bags back down to the lobby to get a new key is an inconvenience at best and downright pain at worst, especially if carrying a couple of bags, maybe a cranky child or two and hurrying to head back out on the town for dinner.

74. Craving Cooper-Young -

If a neighborhood can be said to possess whatever the real estate equivalent is of that new car smell – a sense that there’s something new here to enjoy, of possibilities, of happy things to come – Cooper-Young would seem to have that, in spades.

75. Koonce Joins Sedgwick Client Services -

Sedgwick Claims Management Services Inc. has added K. Max Koonce II as senior vice president of client services for its casualty retail business unit. Koonce, an attorney by trade, comes to Sedgwick from Wal-Mart Stores Inc., where he was senior director of risk management. He simultaneously served as president of Claims Management Inc., Wal-Mart’s wholly owned third-party administrator.

76. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

77. Lenox Park Courtyard Sells for $8.1 Million -

The Lenox Park Courtyard by Marriott, at 3076 Kirby Parkway in East Memphis, has sold for $8.1 million.

78. $9.5 Million Permit Filed for New Downtown Hotel -

GCG Hospitality Inc. has pulled a $9.5 million building permit for a one-acre site at 310 Union Ave. it purchased in January.

79. $9.5 Million Permit Filed For New Downtown Hotel -

GCG Hospitality Inc. has pulled a $9.5 million building permit for a one-acre site at 310 Union Ave. it purchased in January.

80. $9.5 Million Permit Filed for New Downtown Hotel -

GCG Hospitality Inc. has pulled a $9.5 million building permit for the one-acre site at 310 Union Ave. it purchased in January.

81. Lenox Park Courtyard Sells for $8.1 Million -

The Lenox Park Courtyard by Marriott, at 3076 Kirby Parkway in East Memphis, has sold for $8.1 million.

82. Hillwood Pays $17.7 Million for FedEx SupplyChain Facility -

5050 E. Holmes Road and 0 Lamar Ave.
Memphis, TN 38118
Sale Amount: $17.7 million

83. Whitehaven Motel Sells for $1.5 Million -

Springbrook Hospitality LLC, a Tennessee limited liability company, purchased the America’s Best Value Inn & Suites located at 1360 Springbrook Avenue on June 2.

84. Whitehaven Motel Sells for $1.5 Million -

Springbrook Hospitality LLC, a Tennessee limited liability company, purchased the America’s Best Value Inn & Suites located at 1360 Springbrook Avenue on June 2.

85. Solana Senior Living Facility Sells for $65.5 Million -

8199 Poplar Ave.
Germantown, TN 38138

Sale Amount: $65.5 million

Sale Date: May 27, 2015

86. Mannis’ Hard Work Pays Off for Himself, Others -

Eddie Mannis, Knoxville businessman, entrepreneur, volunteer and donor, grew up understanding the value of hard work.

He says he knew it would be the defining factor in his life.

That standard has seen his company, Prestige Cleaners/Prestige Tuxedo, grow from a start-up using 30-year-old dry cleaning equipment to a business with a state-of-the art facility in North Knoxville.

87. The Solana Germantown Bought for $65.5 Million -

An affiliate of a Fortune 500 real estate investment trust has bought a senior living facility in Germantown for nearly $65.5 million.

HCP Germantown LLC, an affiliate of health care-focused real estate investment trust HCP, bought The Solana Germantown facility at 8199 Poplar Ave. in Germantown from FSP-Germantown, an affiliate of Brookdale Senior Living, according to a May 27 warranty deed.

88. Backsplash -

In the beginning, there was Splash – the first legal casino in Tunica County following the Mississippi Legislature’s passage of the 1990 law legalizing “dockside” casinos in the state.

89. Daisy King Still Serving Tearoom Favorites -

Like a proper Southern hostess, Daisy King of Miss Daisy’s Tearoom had trouble turning on the “closed” sign. If guests wanted to snag a table after hours, she couldn’t help but oblige.

90. Sounds Like a Hit for Neighbors -

For months, sounds of construction surrounded the Nashville Sounds’ sparkling new First Tennessee Park in Germantown.

The constant thump-thump-thump of pounding jackhammers competed with the irritating, high-pitched beeps of vehicles backing up. Ka-ching! Cranes lifted steel beams into place, keeping time with a syncopated thrumming of never-ending drilling. Ka-ching!

91. Bristol on Union, Crowne Plaza Poised For Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

92. Bristol on Union, Crowne Plaza Memphis Poised for Sales -

Two key pieces of commercial real estate – one Downtown and one in the Memphis Medical District – are poised to trade hands.

A joint venture between New York-based DRA Advisors LLC and Memphis-based Fogelman Properties LLC have entered into an agreement to acquire the 220-unit Bristol on Union apartment community at Union Avenue and Interstate 240 from Sentinel Real Estate Corp, which has owned and operated the property since 2006.

93. REIT Acquires Three Hotels for $39.6 Million -

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard
Memphis, TN
Sale Amount: $39.6 million

94. REIT Acquires Three Hotels for $39.6 Million -

A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

ARC Hospitality Portfolio I Owner LLC, an affiliate of American Realty Capital Hospitality Trust Inc., acquired the three properties from W2007 Equity Inns Realty LLC.

95. Workforce Group Elects Downtown for Office -

The Greater Memphis Alliance for a Competitive Workforce has found a headquarters location Downtown, leasing 2,967 square feet at the One Commerce Square office tower.

The alliance aims to produce a united regional workforce development system by generating extensive workforce data, creating a pipeline of ready-to-work employees, crafting career roadmaps for workers and students and helping meet the near-term employment needs of local employers.

96. REIT Acquires Three Hotels For $39.6 Million -

A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

ARC Hospitality Portfolio I Owner LLC, an affiliate of American Realty Capital Hospitality Trust Inc., acquired the three properties from W2007 Equity Inns Realty LLC.

97. Raleigh Sleep Inn Hotel Sells for $1.5 Million -

AIS Hospitality Inc. has acquired a Sleep Inn hotel for $1.5 million.

AIS Hospitality acquired the 70-room hotel at 2855 Old Austin Peay Highway in Memphis from Anavil LLC, according to a March 16 warranty deed. The purchase price breaks down to $21,428 per room.

98. New Tigers Indoor Football Facility Nears Kick-Off -

1115 E. Getwell Loop
Memphis, TN 38152
Permit Amount: $15 million

Permit Application Date: March 2015
Architect: Fleming Architects
Contractor: Grinder, Taber & Grinder Inc.
Details: The long-awaited goal of an indoor practice facility for the University of Memphis football team is becoming a reality.

99. Raleigh Sleep Inn Hotel Sells for $1.5 Million -

AIS Hospitality Inc. has acquired a Sleep Inn hotel for $1.5 million.

AIS Hospitality acquired the 70-room hotel at 2855 Old Austin Peay Highway in Memphis from Anavil LLC, according to a March 16 warranty deed. The purchase price breaks down to $21,428 per room.

100. Highland Row Developer Approved for $11 Million Permit -

395 S. Highland St.
Memphis, TN 38111
Permit Amount: $11 million

Project Cost: $61 million
Permit Approval Date: March 2015
Owner: Highland Row LLC
Contractor: Milhaus Construction LLC
Details: The developer of the mixed-use Highland Row project won approval for an $11 million building permit from the city-county Office of Construction Code Enforcement.