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Convention Center Hotel

Category: Projects

Convention Center Hotel

250 N Main St
Memphis, TN

Hotel w/restaurant & recreation space


Property NameSheraton
Project Cost$41,443,058
DistrictCore
TypeNew Construction
StatusCompleted
Hotel Rooms600
Approval Date1997-12-16
Year Opened2001

 

PILOT Details

LesseeHotel Memphis, L.P.
Lessee Addressc/o Schulte Hospitality, 2000 High Wickham Place Suite 300, Louisville KY 40245
Term10 Years
Approval DateDecember 16, 1997
Close Date4/14/1998 0:00:00
Extension1
Extension Term Years15
Term Date9/2/2023 0:00:00
Term Mos120.00
Extension Term Mos180
Status From DateTerminated
Expected Term Date9/2/2023 0:00:00
Remaining PILOT Years0.00
Pilot Documents
Instrument #HB6478
December 29, 1997
Instrument #22136991
December 20, 2022 - Third lease amendment
Instrument #22136990
December 20, 2022 - Assignement of city's interest to PILOT lessee
Instrument #JP3069
August 1, 1999 - Assignment of rents
Instrument #HT2689
April 14, 1998 - Memorandum of amended and restated agreement of lease between The City of Memphis, County of Shelby, and HMH Properties, Inc.
Instrument #17039381
April 20, 2017 - Second lease amendment
Instrument #HW5726
April 14, 1998 - Amended and restated lease