One Beale developer combines its two Hyatt hotels
The combined 363-room hotel will carry the Hyatt Centric flag. (Brad Vest/Special to The Daily Memphian file)
Officials on Tuesday, Aug. 12, approved combining two payment-in-lieu-of-tax incentives for Carlisle Corp. so the developer can merge its two One Beale hotels: Hyatt Centric and Caption by Hyatt.
The Downtown Memphis Commission Center City Revenue Finance Corp. approved combining the two PILOTs as well as putting the two hotels under one ownership group, 33 Beale Street Hotel Co.
This is an excerpt of this story. To read more, please click here and subscribe.
Topics
One Beale Caption by Hyatt Hyatt Centric Carlisle Corp. Subscriber OnlyThank you for supporting local journalism.
Subscribers to The Daily Memphian help fund our not-for-profit newsroom of nearly 40 local journalists plus more than 20 freelancers, all of whom work around the clock to cover the issues impacting our community. Subscriptions - and donations - also help fund our community access programs which provide free access to K-12 schools, community organizations, and more. Thank you for making our work possible.
Dima Amro
Dima Amro is a native Memphian who covers commercial real estate and economic development for The Daily Memphian. She received her B.A. in journalism at the University of Memphis and M.A. in investigative journalism at American University.
Sophia Surrett
Sophia Surrett is a recent University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers commercial real estate, economic development, residential real estate, restaurant real estate, and hospitality and tourism.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.