Notable Downtown Memphis hotel to permanently close. Heres everything we know

One of Downtown Memphis’ notable lodges is closing.

On Sept. 30, the DoubleTree by Hilton Memphis filed a Worker Adjustment and Retraining Notification (WARN) discover with the Tennessee Department of Labor and Workforce Development for a everlasting closure.

The 280-room hotel is predicted to close Nov. 30. The closure impacts 88 workers, according to the WARN discover.

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In April 2018, King and Union Memphis Acquisitions LLC bought the hotel, positioned at 185 Union Ave., and the encompassing property at 221 Union Ave. for $28,925,000, according to the Shelby County Register of Deeds.

The hotel underwent an enlargement in the Nineteen Eighties, upgrading from 200 to 280 rooms. The Union Avenue building dates back to 1927. The hotel turned a DoubleTree model in 2007.

In 2019, a $47 million renovation was deliberate to modernize the DoubleTree to a 4-star hotel with more assembly space. In March 2019, the Center City Revenue Finance Corp., an affiliate board of the Downtown Memphis Commission (DMC), permitted a 15-year payment-in-leiu-of-taxes (PILOT) for the project. The PILOT was awarded to King and Union Memphis Acquisitions LLC, a three way partnership between Memphis-based Wright Investments and Ohio-based Continental Real Estate.

The renovation work related with the PILOT was never accomplished, and the tax incentive is no longer energetic, according to DMC workers.

Neil Strebig is a journalist with The Commercial Appeal. He could be reached at neil.strebig@commercialappeal.com, 901-426-0679 or via X: @neilStrebig

This article initially appeared on Memphis Commercial Appeal: DoubleTree by Hilton in Downtown Memphis to permanently close