Why did the Loews deal collapse? Company cites market difficulties
“The pandemic put challenges on the hotel market and the lending market, making the economics of our proposed transaction remarkably difficult.”
Topics
Loews Hotel Renasant Convention Center Downtown Memphis Commission Loews Subscriber OnlyWe’re in the final countdown of 2025. ⌛🪩🎉
Will you make a donation before the ball drops on New Year’s Eve to fuel trustworthy reporting in the new year?
➡️ Make a fully tax-deductible donation or other contribution to The Daily Memphian, a 501(c)3 nonprofit news organization.
We believe an informed Memphis is a better Memphis. If you agree, join our growing list of donors now!
Rob Moore
Rob Moore covers North Mississippi for The Daily Memphian. He holds a B.A. and an M.A. in English from The University of Memphis.
Comments
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.