100 North Main owner sues Loews, former convention center hotel partner
One New York firm is suing another over the breakup of their joint venture to develop a second Memphis convention center hotel using local and state financial incentives.
There are 4 article(s) tagged Townhouse Management:
One New York firm is suing another over the breakup of their joint venture to develop a second Memphis convention center hotel using local and state financial incentives.
A letter of intent signed Tuesday replaces one being pursued for a joint development by Loews and THM. THM wants to build the second convention center hotel at a restored 100 North Main Building.
Townhouse Management Co. says 100 North Main would cost less in public incentives to retrofit as a convention center hotel, compared to the planned Loews on Civic Center Plaza.
Loews says it is moving ahead with a hotel in Civic Center Plaza across from City Hall. Meanwhile, THM indicated Friday it intends to turn the 100 North Main building into a 500-room hotel.
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