Are renovations in the mix for Downtown Crowne Plaza after auction?
The 230-room Downtown Memphis Crowne Plaza hotel quietly went to auction in December.
On Tuesday, its new owner, Nirav Patel, went in front of the Center City Revenue Finance Corp. board, an affiliate board of the Downtown Memphis Commission, to extend the hotel's existing lease with the organization. The lease expires in August 2031.
Patel expressed willingness to renovate the 230-room hotel and said his hotel management firm was planning between $2.5 million to $3.5 million to renovate the Crowne Plaza, located at 300 N. Second St.