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The Kress Building

Category: Projects

The Kress Building

9 N Main St
Memphis, TN

Renovation of a 50,000sf building into 48 hotel suites with meeting and retail space and will operate as an annex to the adjacent Springhill Suites.

Property NameKress
Project Cost$6,000,000
DeveloperTHG Main
ArchitectDavid Schuermann
SF Developed50,000
Hotel Rooms48
Approval Date2004-04-13
Year Opened2005


PILOT Details

LesseeTHG Main, LLC
Lessee AddressAttn: Gregory Averbuch, c/o Summit Asset Management Corporation, 4401 Northside Parkway Suite 711,
Term15 Years
Approval DateApril 13, 2004
Close Date12/31/2004 0:00:00
Term Date12/31/2020 0:00:00
Term Mos180.00
Status From DateTerminated
Expected Term Date12/31/2020 0:00:00
Remaining PILOT Years0.00
Pilot Documents
Instrument #04213221
December 31, 2004
Instrument #05109976
July 8, 2005 - Amendment
Instrument #20055031
December 31, 2019 - Quit Claim dissolving PILOT