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Editorial Results (free)
1. New Owner to Revive South Main Eyesore
- Thursday, March 03, 2016
The long-maligned building at 107 S. Main St. has a new owner who has signed on to long-term redevelopment and short term-beautification. Prau Investments LLC purchased the 34,200-square-foot building on Dec. 11 for $720,000.
2. Room Service
- Monday, February 27, 2012
The good news for the local hotel industry is that last year notched the most rooms ever sold on a daily basis with 4.8 million – 115,628 more than 2010 and 76,780 more than the previous high set in 2007.
3. French Quarter’s New Owners Meet With Residents
- Friday, February 03, 2012
Two new local owners are under contract to buy and convert the former French Quarter Suites Hotel in Midtown’s Overton Square district to a Comfort Suites in a $6 million project.
At a public meeting Wednesday, Feb. 1, at Memphis Heritage Inc.’s office, 2282 Madison Ave., partners Jay Kumar and Rishi Chopra revealed plans to purchase the vacant 103-room hotel at 2144 Madison Ave., at the northeast corner of Cooper Street and Madison from FQI LLC for $2.3 million and pump about $3.7 million into renovations.
4. Former French Quarter Hotel to Become Comfort Suites
- Thursday, February 02, 2012
Two new local owners are under contract to convert the former French Quarter Suites Hotel in Midtown’s Overton Square district to a Comfort Suites in a $6 million project.
At a public meeting Wednesday, Feb. 1, at Memphis Heritage, 2282 Madison Ave., partners Jay Kumar and Rishi Chopra revealed their plans to purchase the vacant 103-room hotel at the northeast corner of Cooper Street and Madison Avenue from FQI LLC for $2.3 million and pump about $3.7 million into renovations.
5. From Yellow to Green
- Thursday, September 29, 2011
Yellow is the color traditionally associated with taxicabs, but in Memphis another cab color – albeit a metaphorical one – is gaining ground.
Local cab companies Yellow Cab and Checker Cab – both of which are sister companies – in addition to Metro/Advantage Cab Co. have all officially gone green, with new environmentally friendly rides having been added to each company’s fleet.
6. Kumar Beats Drum For Lamar Ave. Hotel
- Thursday, September 10, 2009
Local cab company owner Jay Kumar has tweaked the site plan for an upscale motel he’s developing along the Lamar Avenue corridor in South Memphis.
7. Motel Developers Meet Different Fates With Council
- Wednesday, August 27, 2008
As a whole, the Memphis City Council over the last several years usually has responded to development applications for new motels in the inner city with a mix of incredulity, skepticism and pointed questions for developers.
8. Kumar’s Proposed Lamar Ave. Motel Gets Nod at Last
- Friday, June 20, 2008
Two years ago, developer Jay Kumar began his effort to build a new upscale motel off Lamar Avenue. He finally got the green light this week.
To reach that point, it took several meetings with elected officials and appearances before local government bodies. He frequently encountered rejection and resistance as he doggedly attempted to pitch his idea.
9. Lamar Ave. Hotel Developer Struggles for Approval
- Friday, May 23, 2008
Local cab business owner Jay Kumar has tried for two years to build an upscale, 35-room motel along Lamar Avenue, a project for which he estimates spending $2.5 million. And because he temporarily failed to get the final approval from city officials that he needed this week, he’s still trying.
10. Kumar Works Toward Building Lamar Motel - Again
- Thursday, March 13, 2008
Local cab business owner Jay Kumar is taking his application for a 35-room motel along Lamar Avenue back before the same government body this afternoon that said no to a different version of the plan almost two years ago.
11. Archived Article
- Tuesday, May 01, 2007
Six acres north of
Loan Amount: $6.5 million
Loan Date: March 30, 2007