Holiday Inn Memphis Airport


Memphis, TN

  • Loan Type: Recapitalization Financing
  • Property: 256 room, full-service Holiday Inn hotel and conference center adjacent to the Memphis airport
  • Scenario: The proceeds from the first mortgage loan were used to pay off existing matured and defaulted first and second mortgages, and to pay off various liens and other obligations that resulted from a stalled yet completed $5,000,000 property improvement plan.
  • Result: