Bradley attorney George Cate was quoted in the Memphis Business Journal on a Nashville court dispute over a Memphis hotel and convention center. In May, Townhouse Management Co. (THM) filed a claim against Cate’s client, Loews Hotels, alleging it violated a verbal agreement that it wouldn’t move forward with the redevelopment of 100 North Main and the planned skyscraper hotel on Civic Center Plaza without THM. Loews argued that it had no binding agreements with THM to jointly move forward with the project.
“THM and Loews ultimately never agreed on the terms for the joint venture and did not execute any definitive agreements. Therefore, as provided in the LOIs, the parties incurred no binding obligations to one another,” Cate explained.
The original article, “Loews Argues in Court: No Promises Made to Former Partner on Downtown Hotel, ” appeared in the Memphis Business Journal on June 5, 2019 (login required).