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One Beale Hotels

Category: Projects

One Beale Hotels

0 Wagner Pl
Memphis, TN

A full-service Hyatt Centric Hotel with 227 rooms, 14,000 SF of meeting space, and a second 126 room boutique hotel that incorporates the façade of the Ellis building. Both hotels are a part of the One Beale development, which also includes an apartment building and office tower.


Project Cost$72,000,000
DistrictCore
TypeRenovation & New Construction
DeveloperCarlisle Corp.
ArchitectHBG Design
StatusCompleted
Hotel Rooms353
Approval Date2015-07-14
Expected Completion2021
Year Opened2022

 

PILOT Details

Lessee33 Beale Street Hotel Company, LLC
Lessee Addressc/o Carlisle LLC, 119 S. Main Street, Suite 800, Memphis, TN 38103
Term20 Years
Approval DateJuly 14, 2015
Close Date7/2/2019 0:00:00
Extension Approval Date5/29/2018 0:00:00
Extension0
Term Mos240.00
Status From DateActive
Expected Term Date7/2/2039 0:00:00
Remaining PILOT Years15.27
Pilot Documents
Instrument #20142063
December 18, 2020 - First Amendment to PILOT Lease
Instrument #23016189
December 1, 2022 - First amendment to amended and restated lease
Instrument #20142064
December 18, 2020 - Amended and Restated Lease
Instrument #19066395
July 3, 2019 - Quit claim to CCRFC
Instrument #19066396
July 3, 2019 - PILOT lease

PILOT Details

Lessee245 Front Street Hotel Company, LLC
Lessee Address245 Front Street Hotel Company, LLC, 119 S. Main Street, Suite 800, Memphis, TN 38103
Term20 Years
Approval DateJuly 14, 2015
Close Date7/2/2019 0:00:00
Extension0
Term Mos240.00
Status From DateActive
Expected Term Date7/2/2039 0:00:00
Remaining PILOT Years15.27
Pilot Documents
Instrument #23016192
December 1, 2022 - First PILOT lease amendment
Instrument #20142065
December 18, 2020 - PILOT lease
Instrument #20142062
December 18, 2020 - Quit claim to CCRFC