Peabody Memphis to begin $18M Renovation in Early March
The Peabody Memphis is launching an $18 million renovation of its 464 rooms in early March with an expected completion by September.
It’s the latest renovation at the 486,839-square-foot historic hotel Downtown at 149 Union Ave. in recent years, including a $2.5 million elevator restoration and modernization and a cleanup of the outside the building.
The renovations are a part of the $130 million 30-year upgrade plan announced in 2021 when the Center City Revenue Finance Corp., an affiliate board of the Downtown Memphis Commission, approved a 5% sales-tax surcharge.