Memphis' planned Grand Hyatt: What it means for taxpayers
A 350-room luxury Grand Hyatt hotel could soon be a new addition to the Memphis skyline.
Source: localmemphis.com
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A 350-room luxury Grand Hyatt hotel could soon be a new addition to the Memphis skyline.
Memphis and the One Beale developers have reached a deal that could allow for a Grand Hyatt hotel without the city supporting 100% of the debt.
In a news release Thursday morning, Jim Strickland said the city came to an agreement with the Grand Hyatt developers to build the hotel.
Leisure and vacation numbers are up, but corporate travel still lags.
"Our expert will have plenty of time to do it [review bids]," Strickland said, "We were just trying to get a head start."