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Crown Plaza Sells for $12.6 Million

CP Memphis LLC Acquires Hospitality Bldg
By Michael Scott
July 31, 2015 | 7:02 P.M.

CP Memphis LLC, an investment group led by Nagib Lakhani, purchased the 230-room hospitality building at 300 N 2nd St. in Memphis, TN, from General Electric Capitals Corp. for $12.6 million or $54,783 per room.

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