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Editorial Results (free)

1. $9.5 Million Permit Filed For Downtown Hotel -

310 Union Ave.
Memphis, TN 38103

Permit Cost: $9.5 million

Permit Date: Applied August 2015

2. 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.

3. 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.

4. Lenox Park Courtyard Sells for $4.2 Million -

The Lenox Park Courtyard by Marriott at 3076 Kirby Parkway in East Memphis has sold for $4.2 million.

5. Courtyard by Marriott Slated for $12 Million in Upgrades -

3076 Kirby Parkway
Memphis, TN 38115
Cost: $12 million

Borrower: Summit Hotel Properties LLC

6. Summit Hotel FinancesCourtyard by Marriott - Summit Hotel Properties LLC has financed Courtyard by Marriott-Lenox Park through ING Life Insurance and Annuity Co. for $12 million. The 96-unit hotel, built in 1998, is on 2.57 acres at 3076 Kirby Parkway in Lenox Corporate Park. Summit purchased t

7. Archived Article -

3865 Kirby Parkway
Memphis, TN 38115
Cost: $6.5 million

Buyer: SATCA Ltd.
Seller: Wells Fargo Bank NA
Property: Property at 3865 Kirby Parkway near Deer Forest Drive.

8. Archived Article -

9314 Poplar Pike
Germantown, TN 38138
Cost: $5 million

Buyer: Summit Hotel Properties LLC
Seller: ER Johnson Road Hotel Investors LLC
Property: Residence Inn by Marriott at 9314 Poplar Pike.

9. 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.

10. Archived Article: Events - The Home Builders Association of Tennessee holds its annual Fall Meeting today and Saturday at Grand Casino Tunica, 13615 Old

The Home Builders Association of Tennessee hosts its annual fall meeting today and Saturday at Grand Casino Tunica, 1361...

11. Archived Article: This Week - Headline

This Week in Memphis Nov. 3-9 Community Foundation Hosts Charity Update

November 3

The Community Foundation of Greater Memphis presents The Year for Charities in the Courts, Treasury and the IRS from 8:30 a.m. to 10:30 a.m. at the ...

12. Archived Article: Hotels Chg - Hotel construction up in third quarter Hotel construction keeps pace with 96   By CAMILLE H. GAMBLE The Daily News Going into the fourth quarter, hotel construction is down slightly in Shelby County from the same period a year ago. However, two...