The City of Memphis has officially purchased the downtown Sheraton Hotel for $22 million. This acquisition, finalized on Wednesday, November 5, marks a significant taxpayer investment aimed at revitalizing the city's convention appeal. The 600-room hotel, connected by a skywalk to the Renasant Convention Center, is critical for attracting large conferences, but it currently requires extensive renovations.
The city's decision to buy the hotel comes amid concerns about its deteriorating condition. Officials fear that further disrepair would negatively impact Memphis's ability to host major events and conventions.
Key Takeaways
- Memphis city government purchased the Sheraton Hotel for $22 million.
- The hotel needs significant renovations, estimated to cost $250 million.
- The purchase aims to prevent further decline and support the Renasant Convention Center.
- Lack of quality hotel rooms has already caused a major convention to plan its departure.
Challenges with the Current Sheraton Condition
A recent visit to the Sheraton Hotel revealed its outdated state. Built in 1978, the facility shows clear signs of age. Many of its rooms are currently out of service, indicating a need for immediate attention.
Even during a major event like the 117th Holy Convocation for COGIC Saints at the adjacent convention center, rooms at the Sheraton were available. This availability was despite half the hotel's capacity being unusable.
Hotel Condition Facts
- The hotel was built in 1978.
- Half of the hotel's 600 rooms are currently out of service.
- Room rates were observed at $227 per night during a major convention.
One notable issue observed involved the elevators. Signs warn of occupancy limits, advising only two people or one family per car. During a recent stay, a group of six individuals, including a journalist, became trapped in an elevator on the ground floor. After several minutes of struggle and assistance from outside, the doors eventually opened.
Inside a rented king-size room, the signs of wear were evident. The sofa and ottoman displayed multiple stains. The desk chair had a rusted metal base and a tattered seat. While the bed featured fresh linens, its dust ruffle was frayed. The bathtub faucet leaked, and the carpet showed numerous stains. The window offered a less-than-impressive view of downtown Memphis through its dirty pane.
Impact on Convention Business
The condition of downtown hotels directly affects Memphis's ability to secure large conventions. Bishop Brandon Porter, a leader with the Church of God in Christ (COGIC), highlighted this issue.
"I think it's pretty known," said Bishop Brandon Porter, "the challenge with our convention in Memphis is hotels. The hotels are not as giving and allowing."
COGIC leaders have confirmed that their annual Holy Convocation will leave Memphis next year for St. Louis. This decision stems directly from the lack of quality hotel rooms in the Bluff City. The Convocation draws approximately 25,000 attendees, making its departure a significant loss for the local economy.
Convention Center Investment
The City of Memphis invested $200 million to renovate the Renasant Convention Center in 2021. This substantial upgrade aimed to make the center a top-tier venue. However, the success of the convention center relies heavily on having nearby, high-quality hotel accommodations.
Future Plans and Investment
The city's purchase of the Sheraton is a proactive step to address these challenges. Officials estimate that the hotel's renovation will cost around $250 million. This figure is in addition to the $200 million already spent on the convention center.
The goal is to transform the Sheraton into a modern, appealing hotel capable of supporting the Renasant Convention Center. This investment is crucial for Memphis to compete with other cities that offer well-maintained hotels with large room capacities near their convention facilities.
Staff Dedication Amidst Challenges
Despite the hotel's physical state, the staff remains committed to providing good service. During a recent visit, hotel employees were noted for their pleasant and helpful demeanor. One bellhop confirmed that the elevators' warning signs are necessary due to frequent overcrowding issues.
The city aims to provide a hotel experience that matches the quality of its renovated convention center, ensuring Memphis remains a competitive destination for major events and tourism.
Economic Implications for Memphis
The investment in the Sheraton Hotel has broad economic implications. Attracting and retaining large conventions generates significant revenue for local businesses, including restaurants, shops, and transportation services. The departure of events like the COGIC Convocation represents a substantial economic hit.
By revitalizing the Sheraton, Memphis hopes to prevent further losses and secure future convention bookings. This strategy is essential for the city's long-term economic health and its image as a premier destination.
- The city aims to keep major conventions in Memphis.
- Quality hotels are crucial for convention success.
- The renovation is a major financial commitment.
The overall project, combining the convention center renovation and the hotel overhaul, represents a substantial public investment. Its success will be measured by the city's ability to attract and retain large-scale events in the coming years.
