Joint statement from City of Memphis and Downtown Memphis Commission:
While we are disappointed that Loews Hotels will not be coming to Memphis as planned, we remain encouraged by the continued growth of the industry, particularly in our Downtown core.
With the recent success of several hotels opening downtown, including the Hyatt Centric and a Hyatt Grand on the way, we are confident that our city and newly renovated convention center will continue to entice new development in this space.
Additionally, we are further encouraged by planned improvements to the Sheraton, and the potential of a hotel to the development plan of 100 N. Main.
Memphis and our Downtown remain in a strong position, and we’re excited about what the future holds.