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 Name | Sheraton |
|---|---|
| Project Cost | $226,000,000 |
| District | Core |
| Developer | Starwood Capital & Schulte Hospitality |
| Architect | rdc |
| Status | Planned |
| Hotel Rooms | 300 |
| Approval Date | 2022-10-11 |
| Expected Completion | 2026 |
PILOT Details
| Lessee | Hotel Memphis, L.P. |
|---|---|
| Term | 30 Years |
| Approval Date | October 11, 2022 |
| Extension | 0 |
| Term Mos | 360.00 |
| Status From Date | Approved |
| Remaining PILOT Years | 0.00 |
CCRFC Loan Details
| Incentive Program | TDZ Surcharge |
|---|---|
| Incentive Recipient | Hotel Memphis L.P. |
| Incentive Amount | $0 |
| Incentive Status | Approved |
| Incentive Approval Date | October 11, 2022 |
| Incentive MWBE Est | $0 |