Brownstone Hotel
Category: Projects
Brownstone Hotel
300 N 2nd St
Memphis, TN
Hotel
| Property Name | Crowne Plaza |
|---|---|
| Project Cost | $5,300,000 |
| District | Core |
| Status | Completed |
| Approval Date | 1998-05-26 |
| Year Opened | 1999 |
PILOT Details
| Lessee | CP Memphis LLC |
|---|---|
| Lessee Address | 400 Second Ave, South Charleston, WV 25303 |
| Term | 18 Years |
| Approval Date | May 26, 1998 |
| Close Date | 8/31/1998 0:00:00 |
| Extension | 1 |
| Extension Term Years | 15 |
| Term Mos | 216.00 |
| Extension Term Mos | 180 |
| Status From Date | Active |
| Expected Term Date | 8/31/2031 0:00:00 |
| Remaining PILOT Years | 6.72 |
| Pilot Documents | Instrument #HS9120 August 31, 1998 Instrument #12147835 December 28, 2012 - Foreclosure to GE Instrument #KC7144 March 27, 2000 - Special Warranty Deed to Leasehold Estate and Assignment of Lessee's Interest in Lease Instrument #15047787 May 20, 2015 - Assignment to CP Memphis LLC Instrument #JP3069 August 1, 1999 - Assignment of rents |