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Tag Archives: Transcontinental Realty Investors

Mayor vows hotel revival after redevelopment board rejects deal

A Jackson Redevelopment Authority board so eager to get a developer on board to build Jackson’s $96 million convention hotel met the day before Thanksgiving to issue a request for proposals with a reply period cut down from 30 to 15 days. But when a second developer entered the picture — Journeyman Austin Holdings of Austin, Texas — board members ...

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Consultants give convention hotel details after TCI doesn’t show

A public forum Jackson City Councilman Tony Yarber staged Nov. 17 to hear details on a planned convention center hotel deal “right from the horse’s mouth” fell short of that expectation when the city’s proposed partner did a no-show. Instead, the 50 or so people gathered at the Anderson United Methodist Church got some brief details on the financial arrangements ...

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Jackson hotel partner showed a $12.2 million loss at Q1 close

Dallas-based Transcontinental Realty Investors, Inc. (NYSE:TCI), parent of TCI Investments, ended the first quarter with a net loss applicable to common shares of $12.2 million, compared to a loss of $10.5 million for the same period ended 2010. Transcontinental Realty took an impairment on notes receivable and real estate of $24.5 million in the fourth quarter of 2010, compared to ...

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