City’s $10 million loan for third One Beale hotel changes terms
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. (Rendering courtesy Carlisle Corp.)
The council approved the original deal of what amounted to a $10 million advance on the city’s lease of convention meeting space in the Grand Hyatt — the third of three hotels at One Beale — in September on a 10-0 vote.
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Memphis City Council One Beale convention center hotel Grand HyattBill 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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