Peabody Hotel Renovations
Category: Projects
Peabody Hotel Renovations
149 Union Ave
Memphis, TN
The Peabody Hotels use the Tourism Surcharge revenue to make capital investments over the next will undergo a renovation over the next 30 years for the redevelopment and long-term preservation of the hotel.
| Property Name | Peabody Hotel |
|---|---|
| Project Cost | $128,425,000 |
| District | Core |
| Type | Renovation |
| Developer | Hotel Peabody L.P. 149 Union Ave |
| SF Developed | 80,000 |
| Status | Under Construction |
| Hotel Rooms | 464 |
| Retail SF | 80,000 |
| Expected Completion | 2051 |
CCRFC Loan Details
| Incentive Program | TDZ Surcharge |
|---|---|
| Incentive Recipient | Hotel Peabody L.P. |
| Incentive Amount | $30 |
| Incentive Status | Approved |
| Incentive Approval Date | November 9, 2021 |