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122 S. Main St. (Dream Hotel)

Category: Projects

122 S. Main St. (Dream Hotel)

122 S Main St
Memphis, TN

A renovation of the Royal Furniture building on South Main into a 181-key hotel with multiple food & beverage concepts, and ten residential units. In addition to renovating the existing structure, the developer plans to build a new tower above the existing building.


Property NameRoyal Furniture
Project Cost$99,300,000
DistrictCore
TypeRenovation & New Construction
DeveloperTom Intrator
ArchitectLRK & LMDA
SF Developed156,900
StatusPlanned
Apartment Units10
Hotel Rooms181
Approval Date2019-11-12
Expected Completion2025

 

PILOT Details

Lessee122 S Main, LLC
Lessee Address5384 Poplar Ave #400, Memphis, TN 38119
Term20 Years
Approval DateNovember 12, 2019
Extension Approval Date11/8/2022 0:00:00
Extension1
Term Mos240.00
Status From DateApproved
Remaining PILOT Years0.00