Sheraton Hotel gets titleholder
The Memphis City Council on Oct. 2 approved the city’s purchase of the Sheraton for $22 million using $30 million in nonprofit 501(c)(3) bonds. (Mark Weber/The Daily Memphian file)
The affiliate will be tax-exempt and have no legal or financial liability in the city’s transaction.
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Sheraton Memphis Downtown Hotel Downtown Memphis Commission Center City Development Corp.Sophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers small business, nonprofits, restaurant real estate, hospitality and tourism, manufacturing, and transportation and logistics.
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