News Summary
A Texas-based real estate firm has made a significant move in the Memphis hospitality sector by acquiring the Sheraton Memphis Downtown Hotel. The transformation is set to begin, with renovations costing between $150 million and $200 million. Additionally, the McNeill Hotel Company has opened the new TownePlace Suites by Marriott Memphis Germantown, contributing further to the vibrant hotel scene in the area. This development emphasizes a community-focused approach, ensuring enhanced accommodation options for locals and visitors alike.
Big Moves in Memphis: Texas Firm Expands Hotel Portfolio
Memphis is buzzing with excitement as a Texas-based real estate firm makes waves in the hospitality sector with its recent acquisition of a prime Marriott property. This strategic purchase signals the firm’s growing ambitions in the hotel market, and Memphians can expect thrilling developments in the near future!
Spotlight on the Sheraton Memphis Downtown Hotel
The newly acquired property is none other than the Sheraton Memphis Downtown Hotel. Nestled right next to the Renasant Convention Center, this spot is perfectly situated for both business travelers and leisure visitors. But hold onto your hats—this hotel is gearing up for a significant transformation! A substantial renovation is on the horizon, with the costs expected to fall between $150 million and $200 million.
Leading the charge on this ambitious renovation project is Stephen Kallaher, the chief hospitality officer of Carlisle Corp. It’s anticipated that this overhaul will take over two years to complete. While the Sheraton’s facelift is well underway, it may even transition into a different Marriott brand following the renovations to meet fresh brand standards.
Brand New TownePlace Suites by Marriott Opens its Doors
The ribbon-cutting ceremony for the TownePlace Suites was hosted by the Germantown Chamber of Commerce, bringing together corporate clients, investors, and local community members alike. Developer Spence Ray spoke at the event, shedding light on the exciting features within the hotel.
A Hotel With All the Bells and Whistles
What exactly can guests expect at the TownePlace Suites? This fabulous hotel boasts 111 rooms spread over five stories, making it an excellent choice for both short and extended stays. It offers top-notch amenities including a full-service restaurant, a stunning rooftop bar, a well-equipped fitness center, and an indoor pool. To top it all off, there is even 6,000 square feet of retail space available!
The hotel itself is conveniently located at 7800 Neshoba Road, right near popular spots like the Germantown Performing Arts Center and the Methodist Le Bonheur Germantown Hospital. The design is the work of Andrea Gillespie of AK Design Studio, who ensured a custom look that seamlessly blends inviting brick and limestone exteriors.
Thornwood Development: A Community-Focused Approach
The Thornwood development aims to mix classic sensibilities with modern amenities, creating a community-focused environment where residents, visitors, and businesses can thrive. McNeill Hotel Company is at the helm of managing the TownePlace Suites as well as the Hampton Inn & Suites Memphis/Germantown, ensuring that each property meets the needs of the community.
With Patrick Scales serving as General Manager of the TownePlace Suites, local demand for exceptional accommodation will be in good hands. The pride the MHC President feels in managing properties catering to local demand is evident, and this bodes well for hotel guests and local residents alike.
Exciting Times Ahead
Deeper Dive: News & Info About This Topic
- Daily Memphian: Sheraton Memphis Downtown Hotel Update
- Hotel Online: TownePlace Suites by Marriott Opens
- Commercial Appeal: The Memphian Opens in Midtown
- Google Search: Memphis hotels
- CoStar: JW Marriott Development Project
- Wikipedia: Hotel Industry
Author: STAFF HERE HOUSTON TX WRITER
HOUSTON STAFF WRITER The HOUSTON STAFF WRITER represents the experienced team at HEREHouston.com, your go-to source for actionable local news and information in Houston, Harris County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Houston Livestock Show and Rodeo, Art Car Parade, and Chevron Houston Marathon. Our coverage extends to key organizations like the Greater Houston Partnership and Houston Area Urban League, plus leading businesses in energy and healthcare that power the local economy such as ExxonMobil, Schlumberger, and Houston Methodist. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
