Boutique hotels drive DoubleTree renovation, rebrand
With an influx of boutique hotels coming into Downtown Memphis, the new owners of the DoubleTree by Hilton are spending $47 million to turn the "tired" hotel into a one-of-a-kind lifestyle asset.
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With an influx of boutique hotels coming into Downtown Memphis, the new owners of the DoubleTree by Hilton are spending $47 million to turn the "tired" hotel into a one-of-a-kind lifestyle asset.
The Center City Revenue Finance Corp. will be asked Tuesday to approve a 15-year tax abatement for a $47 million conversion of the DoubleTree by Hilton.
Although Downtown Memphis has landed several corporate headquarters relocations, some local leaders see it as part of a bevy of community assets rather than a center for economic activity.
The owner of Raymond James Tower says its anchor tenant should not leave, in part because the elevators will soon be modernized.
The people who work and play in Downtown Memphis say they need more public parking options. The city doesn't agree, and is working toward a culture shift of getting locals to pay higher rates and walk farther to park.
Raymond James & Associates emailed Memphis employees Friday to inform them of plans to move from Downtown to East Memphis, sources say.
Memphis River Parks Partnership has filed for a building permit to restore the historic cobblestone field on the Downtown riverfront.
Developers of a new FedEx Logistics headquarters in the Gibson Guitar building and an adjoining $250 million mixed-use project hope to fill gaps in Downtown office, hotel and retail.
FedEx Logistics, the specialty services and trade unit of Memphis-based FedEx Corp., announced Tuesday it would put its headquarters in the Gibson Guitar building, giving FedEx a significant Downtown office presence.
The Clipper, a mixed-use, eight-story tower for offices, 250-room hotel and ground-floor retail, will rise next to the future home of FedEx Logistics in Downtown.
The Peabody marks the 150th anniversary of opening on Feb. 5, 1869, with the launch of a yearlong celebration, including multiple ticketed events and offerings.
The Hotel Indigo in Downtown Memphis has begun taking reservations for the New Year as a $15 million project to retrofit a former Holiday Inn winds toward conclusion.
The historic Royal Furniture building in Downtown Memphis has sold for $3.5 million, and the new owner may make the building taller for new commercial tenants.