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Sheraton Renovation and Expansion

Category: Projects

Sheraton Renovation and Expansion

250 N Main St
Memphis, TN

A renovation of the existing 207 room Sheraton Memphis near the Renasant Convention Center, and the construction of a new 300 room tower on an adjacent property.

Property NameSheraton
Project Cost$226,000,000
DeveloperStarwood Capital & Schulte Hospitality
Hotel Rooms300
Approval Date2022-10-11
Expected Completion2026


PILOT Details

LesseeHotel Memphis, L.P.
Term30 Years
Approval DateOctober 11, 2022
Term Mos360.00
Status From DateApproved
Remaining PILOT Years0.00

CCRFC Loan Details

Incentive ProgramTDZ Surcharge
Incentive RecipientHotel Memphis L.P.
Incentive Amount$0
Incentive StatusApproved
Incentive Approval DateOctober 11, 2022
Incentive MWBE Est$0