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The 600-room Sheraton Downtown Memphis at 250 N. Main St. was listed for sale about three weeks ago, according to Wayne Tabor, president of the Metropolitan Memphis Hotel & Lodging Association.
With the Sheraton Downtown Memphis hotel up for sale, officials say finding an owner committed to renovating the hotel could have big economic impact.
The owners of the Sheraton Memphis Downtown Hotel are looking to invest $226 million in the property, renovating and building a second tower next door
Tallest hotel in Memphis. 8 Memphis Pyramid: 321/98 5 1991 7th-tallest pyramid and largest Bass Pro Shops in the world. Home to retail, restaurants, an observation deck, a hotel, a bowling alley, and the largest free-standing elevator in America. 9 The Renaissance Apartments: 296/90 25 1968 Tallest residential building in Memphis. 10 Lincoln ...
As downtown Memphis decayed in the early 1970s, the hotel suffered financially, and the Sheraton-Peabody closed in December 1973. An Alabama investment group purchased the hotel in 1974 and reopened it briefly under its original name, but they declared bankruptcy on April 1, 1975, and it closed again. [ 3 ]
Built in 1905, the 14-story Tennessee Trust Building was among downtown Memphis' first "skyscrapers." The building's architects, the firm of Charles 0. Pfeil (1871–1952) and George M. Shaw (1870–1919) were noted at the time for designing buildings with ornate, classical styling and massing.
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