Memphis hires hotel consultant as Sheraton deal remains incomplete
Last year, the City of Memphis issued about $30 million in debt to buy the hotel — and is already making payments — but the sale hasn’t been finalized.
There are 3 article(s) tagged Capstone Development:
Last year, the City of Memphis issued about $30 million in debt to buy the hotel — and is already making payments — but the sale hasn’t been finalized.
Memphis City Council will consider a November ballot question that will impact the city’s suburbs and separately, the future of Liberty Park.
The city has also signed a letter of intent with Capstone Development for two hotels on the Central Avenue frontage. The founder of Capstone sees a different kind of recovery from the pandemic for the hospitality industry — one led by the families that travel regionally to the sports tournaments that are the financial engine for Liberty Park's public and private uses.
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