Where the Grand Hyatt deal went wrong
Developer announces immediate shutdown of One Beale’s Grand Hyatt
The Grand Hyatt Hotel was to include 365 hotel rooms, 36,000 square feet of meeting and event space and one restaurant. (Rendering courtesy Carlisle Corp.)
Internal city documents show that the Strickland administration and leaders at the state level were increasingly uneasy about the debt the city was taking on for the One Beale project — despite the economic benefits.
Topics
Carlisle Corp. Grand Hyatt One Beale Mayor Strickland Downtown Memphis Subscriber OnlyThank you for supporting local journalism.
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Neil Strebig
Neil Strebig is a chef turned journalist covering economic development and commercial real estate for The Daily Memphian. He grew up in Pennsylvania and has worked at media outlets including the York Daily Record/USA Today Network and most recently as Report for America Corps Member with Lookout Santa Cruz. He is a graduate of Point Park University in Pittsburgh.
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