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
District	Core
Type	Renovation & New Construction
Developer	Carlisle Corp.
Architect	HBG Design
Status	Completed
Hotel Rooms	353
Approval Date	2015-07-14
Expected Completion	2021
Year Opened	2022

PILOT Details

Lessee	33 Beale Street Hotel Company, LLC
Lessee Address	c/o Carlisle LLC, 119 S. Main Street, Suite 800, Memphis, TN 38103
Term	20 Years
Approval Date	July 14, 2015
Close Date	7/2/2019 0:00:00
Extension Approval Date	5/29/2018 0:00:00
Extension	0
Term Mos	240.00
Status From Date	Active
Expected Term Date	7/2/2039 0:00:00
Remaining PILOT Years	14.07
Pilot Documents	Instrument #23016189 December 1, 2022 - First amendment to amended and restated lease Instrument #20142064 December 18, 2020 - Amended and Restated Lease Instrument #20142063 December 18, 2020 - First Amendment to PILOT Lease Instrument #19066395 July 3, 2019 - Quit claim to CCRFC Instrument #19066396 July 3, 2019 - PILOT lease

PILOT Details

Lessee	245 Front Street Hotel Company, LLC
Lessee Address	245 Front Street Hotel Company, LLC, 119 S. Main Street, Suite 800, Memphis, TN 38103
Term	20 Years
Approval Date	July 14, 2015
Close Date	7/2/2019 0:00:00
Extension	0
Term Mos	240.00
Status From Date	Active
Expected Term Date	7/2/2039 0:00:00
Remaining PILOT Years	14.07
Pilot Documents	Instrument #20142065 December 18, 2020 - PILOT lease Instrument #23016192 December 1, 2022 - First PILOT lease amendment Instrument #20142062 December 18, 2020 - Quit claim to CCRFC