Convention Center Hotel
Category: Projects
Convention Center Hotel
250 N Main St
Memphis, TN
Hotel w/restaurant & recreation space
| Property Name | Sheraton |
|---|---|
| Project Cost | $41,443,058 |
| District | Core |
| Type | New Construction |
| Status | Completed |
| Hotel Rooms | 600 |
| Approval Date | 1997-12-16 |
| Year Opened | 2001 |
PILOT Details
| Lessee | Hotel Memphis, L.P. |
|---|---|
| Lessee Address | c/o Schulte Hospitality, 2000 High Wickham Place Suite 300, Louisville KY 40245 |
| Term | 10 Years |
| Approval Date | December 16, 1997 |
| Close Date | 4/14/1998 0:00:00 |
| Extension | 1 |
| Extension Term Years | 15 |
| Term Date | 9/2/2023 0:00:00 |
| Term Mos | 120.00 |
| Extension Term Mos | 180 |
| Status From Date | Terminated |
| Expected Term Date | 9/2/2023 0:00:00 |
| Remaining PILOT Years | 0.00 |
| Pilot Documents | Instrument #HW5726 April 14, 1998 - Amended and restated lease Instrument #17039381 April 20, 2017 - Second lease amendment Instrument #HB6478 December 29, 1997 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 #22136991 December 20, 2022 - Third lease amendment Instrument #JP3069 August 1, 1999 - Assignment of rents Instrument #22136990 December 20, 2022 - Assignement of city's interest to PILOT lessee |