Bradley attorney George Cate was quoted in the Daily Memphian on a court dispute over a Memphis hotel and convention center involving his client Loews Hotels. Loews and Townhouse Management Co. (THM) initially worked together on a large project that included a hotel and complementary development at 80 and 100 North Main in Memphis. The relationship fell apart earlier this year after the city administration announced it had signed a letter of intent to move forward with Loews on the project. THM claims Loews broke a verbal agreement to work jointly on the project and pushed THM out of the deal, which the city denies.
Cate said a series of letters of intent stated there were no binding agreements on either party, unless a definitive agreement were reached, with exceptions of exclusivity and confidentiality clauses.
“… if they really allege there was some walkaway requirement, you would think it would have been put specifically under or with the exclusivity provision,” Cate said.
The original article, “Nashville Court Airs Dispute over Incentives for 2nd Memphis Convention Center Hotel, ” appeared in the Daily Memphian on July 18, 2019.