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Editorial Results (free)

1. 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

2. New York Firm Pays $23M For 3 Memphis-Area Hotels -

AR Global Investments, a New York-based asset management firm, has purchased a trio of Germantown hotels for a combined $23 million from Austin, Texas-based Summit Hotel Properties, according to three warranty deeds filed with the Shelby County Register of Deeds on April 28.

3. Carlisle Corp. Buys Sharky’s Property -

6201 Poplar Ave.
Memphis, TN 38119
Sale Amount: $2.9 million

Sale Date: July 29, 2014
Buyer: Wendelta Property Holdings LLC
Seller: Aaron Muschel
Details: An affiliate of Carlisle Corp. has paid $2.9 million for the recently closed Sharky’s Gulf Grill at 6201 Poplar Ave.

4. Hotel REIT Transfers 3 Germantown Properties -

7750 Wolf River Parkway Germantown, TN 38138
9314 Poplar Pike Germantown, TN 38138
9320 Poplar Pike Germantown, TN 38138

5. Hotel REIT Transfers 3 Germantown Properties -

Austin, Texas-based hotel real estate investment trust Summit Hotel Properties Inc. has transferred three Germantown hotels to related affiliates for a combined $5.7 million.

6. Events -

BlueCross Medicare Advocates will hold a community meeting today at 10 a.m. at the Courtyard by Marriott, 7750 Wolf River Bend. The meeting is designed to provide more information about the new Medicare options. For more information about the meeting, call BlueCross BlueShield of Tennessee at 1-800-561-4331.

7. Events -

Memphis Heritage Inc. will hold its 2009 Memphis Heritage Calendar Release Party in collaboration with a Fashion Trunk Show by Stacie Waddell’s Blu Champagne today from 5:30 p.m. to 7 p.m. at Howard Hall, 2282 Madison Ave. There will be a sneak preview of the latest vintage photography collection, “Newman’s Memphis,” by the late local photographer Don Newman. For more information, call 272-2727.

8. Fitness Company to Build $8.5M Facility in G’town -

Memphians will have a new place to work out once Lexington, Ky.-based Urban Active Fitness completes its plan to bring an $8.5 million, 48,000-square-foot fitness facility to Wolf Trail Cove in Germantown.

9. Archived Article -

60 S. Cooper St.
Memphis, TN 38104
Permit Cost: $7.5 million

Project Cost: $12 million (Phase 1)

Permit Date: Applied January 2008

10. Summit Group Closes on Three Local Hotels -

9314 Poplar Pike
Germantown, TN 38138
Cost: $6.4 million

Borrower: Summit Hotel Properties LLC
Lender: First National Bank of Omaha
Trustee: Midsouth Title Corp.
Property: Residence Inn by Marriott at 9314 Poplar Pike. The property is one of three recently purchased by Summit Hotel Properties, an affiliate of The Summit Group Inc. The other properties purchased were Courtyard by Marriott, 3076 Kirby Parkway, and Fairfield Inn by Marriott, 9320 Poplar Ave.
According to Chris Bills, chief operating officer for Summit Group Inc., the 80-room Fairfield Inn and 78-room Residence Inn are located next door to each other in Germantown.
"We do plan a very comprehensive renovation at the Residence Inn, which would include beds, soft goods, bathroom upgrades and lobby and exercise room upgrades," Bills said. "And then the Fairfield Inn we plan to convert to a Fairfield Inn & Suites, and we will have approximately 15 suites with a separate sitting room and entertainment wall."
South Dakota-based Summit Group owns 60 hotels in 21 states. In February, Summit purchased the Courtyard by Marriott at 7750 Wolf River Parkway in Germantown.
"We feel that the Germantown area has become even more upscale in the last five years, so we're going to renovate the (Germantown) properties to have more of an upscale feeling to them," Bills said.

11. Archived Article: real recap - 76

Mixed-Use Development Planned for Arlington

76.93 acres near

Highway 385

Cost: $2.8 million

Borrower: Commercial Ventures Inc.

Lender: Paragon National Bank

Trustee: Andrew H. Taylor

Property: A 28.91-acre parcel and a 51....