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Peabody Place

Category: Projects

Peabody Place

149 Union Ave
Memphis, TN

Mixed-use hotel, entertainment & retail

Property NamePeabody Hotel
Project Cost$56,975,000
TypeNew Construction
Hotel Rooms464
Retail SF300,000
Approval Date1997-12-16
Year Opened1998


PILOT Details

LesseeHotel Peabody, LP
Lessee AddressClinton J. Gray, SPTC, CRA, Director of Property Tax, Belz Enterprises, 100 Peabody Place, Suite 140
Term25 Years
Approval DateDecember 16, 1997
Close Date12/31/1997 0:00:00
Extension Term Years15
Term Mos300.00
Extension Term Mos180
Status From DateActive
Expected Term Date12/31/2037 0:00:00
Remaining PILOT Years14.28
Pilot Documents
Instrument #21126779
October 6, 2021 - Fourth Amendment to Lease
Instrument #JN9707
September 1, 1999 - Second amendment to lease
Instrument #16095871
September 19, 2016 - Third amendment to lease
Instrument #JP3069
August 1, 1999 - Assignment of rents
Instrument #JM5808
July 1, 1999 - Amendment to lease
Instrument #HB6476
December 31, 1997