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Canopy Hotel

Category: Projects

Canopy Hotel

164 Union Ave
Memphis, TN

A new-construction, 5-story hotel on the former site of the Benchmark Hotel.

Property NameBenchmark Hotel
Project Cost$42,972,661
TypeNew Construction
DeveloperMHF Memphis (Magna Hospitality)
Total MWBE$7,449,468
EBO Percent CTD1.00
Hotel Rooms170
Approval Date2018-06-12
Expected Completion2020
Year Opened2020


PILOT Details

LesseeMHF Memphis VI LLC
Lessee Address300 Centerville Road, Suite 300, East Warwick, RI, 02886
Term15 Years
Approval DateJune 12, 2018
Close Date7/20/2018 0:00:00
Term Mos180.00
Status From DateActive
Expected Term Date7/20/2033 0:00:00
Remaining PILOT Years9.07
Pilot Documents
Instrument #20096407
August 31, 2020