One Beale Grand Hyatt city loan approved with new wording
The Grand Hyatt Hotel project at One Beale is to include 365 hotel rooms, 36,000 square feet of meeting and event space and one restaurant. It’s scheduled to be complete by 2024. (Courtesy Carlisle Corp.)
The city changed the terms of the $10 million grant/loan after running into accounting rules that would have required the city to list the amount as a long-term liability on its financial statements.
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One Beale Grand Hyatt convention center hotel Chance CarlisleBill Dries on demand
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Bill Dries
Bill Dries covers city and county government and politics. He is a native Memphian and has been a reporter for almost 50 years covering a wide variety of stories from the 1977 death of Elvis Presley and the 1978 police and fire strikes to numerous political campaigns, every county mayor and every Memphis Mayor starting with Wyeth Chandler.
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