ATLANTA,
Georgia, May 4, 2005 - Thompson Calhoun Fair, LLC, an Atlanta-based hotel
real estate firm, announced today that it advised a Texas-based lender
in the disposition of the Radisson Hotel in Memphis, Tennessee. The Radisson
is located at 2411 Winchester Road in Memphis, Tennessee at the Memphis
International Airport. The property is a two- and three-story, interior
corridor building featuring 211 guest rooms, an outdoor swimming pool,
a fitness center, a restaurant and lounge and approximately 5,000 square
feet of meeting space. The property was sold to Encore Enterprises, for
an undisclosed amount.
.
Keith Thompson, a principal of the
firm stated, "The Radisson Memphis Airport represented a solid future valued
acquisition for the purchaser and a timely disposition for the seller.
The purchaser is a highly regarded management company that operates on
a detailed operating format, thereby enabling higher than normal bottom
line profits. The asset is well positioned to stand the test of time in
a progressive International airport market."
About Thompson Calhoun Fair
Thompson Calhoun Fair was formed to focus on servicing the transaction
needs |
From the left - Al Calhoun, Mark G. Fair (sitting),
and H. Keith Thompson |
of clients in all segments of the hotel industry. Founded in 2000, Thompson
Calhoun Fair is headquartered in Atlanta and is national in scope. Thompson
Calhoun Fair can be found on the Web at www.tcfhotels.com. |