MidSouth Bank has recruited to its mortgage group Belinda Arender, an 11-year veteran of the local market. Arender, who will be a vice president at MidSouth, was previously VP and sales manager at F&M Mortgage in Rutherford and Wilson counties and also has worked regionally for First Tennessee and BancorpSouth. (View the bank's release here.) She joins MidSouth as the bank's leaders work toward completing their $38 million sale to Franklin Financial Network, the parent of Franklin Synergy Bank.
Sam's Sports Grill soon will open at Blackjack Cove Marina at 2001 Lakeshore Drive in Old Hickory. The bar and restaurant, which will be the fifth Sam's location, join those in Hillsboro Village, Hendersonville, Murfreesboro and Florence, Ala. Our friends at the Scene have more here.
Five Below, which sells clothing, beauty products and accessories to teens and pre-teens, is preparing to open the doors to its first three locations in Middle Tennessee. The new stores are located at the Nashville West Shopping Center on Charlotte Pike, the Cool Springs Pointe development just north of CoolSprings Galleria and the Towne Center in Murfreesboro. Two more stores are on the way, officials say.
Regional real estate powerhouse Crye-Leike has opened a property management office on Broad Street in Murfreesboro and moved four-year employee Laurie Reardon from its Brentwood location to run it. The outpost is Crye-Leike's third Middle Tennessee property management office and its 14th across the Southeast.
Recently released figures show Rutherford County hotels generated a $6 million increase in revenue on total rooms sold in 2013 compared to 2012 figures.
According to a Smith Travel Research annual report, the county experienced an increase in all categories across the board, including hotel occupancy, revenue per available room, average daily rate, room revenue and rooms sold. The increase in each category was well above the national average as well as the average for the state of Tennessee, the report said. Over the past two years, the number of rooms sold has increased 16.2 percent.
STR does not disclose total revenue figures.
“These increased numbers mean that more people are traveling to Rutherford County and staying in our local hotels, while visiting local attractions, shopping in our retail outlets and dining in our restaurants,” Barbara Wolke (pictured), interim vice president of the Rutherford County Convention & Visitors Bureau, said in a release. “With the additional hotel supply in Murfreesboro and Smyrna (four hotels were added between 2008 and 2010), overall tourism and demand has increased to help fill these additional rooms. We hope to continue this upward trend.”
Blue-chip retailers Bed Bath & Beyond and Gap are relocating their Murfreesboro stores into the Avenue shopping center adjacent to Interstate 24. Also moving into the 811,000-square-foot Avenue in the coming months are Gap Kids and Soma Intimates, a concept under the Chico's Brands umbrella.
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