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Tennessee

Hospitality

City of Memphis, Carlisle Development JV acquires 600-Room Sheraton Memphis Downtown Hotel for $22M ($37k/unit) from Starwood, plans redevelopment

11/13/2025

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REBusinessOnline

• Subcategory: Hospitality: Hotel

• Tag: Sale

• Additional Filters-Subcategory: Hospitality: Upper Upscale

• Additional Filters-Tags: Hospitality: Franchise, Public-Private Partnership (P3)

• Company: Marriott (Nasdaq: MAR), Starwood Capital Group (NYSE: STWD)

Carlisle Development

Steve Kallaher | Chief Hospitality Officer

[email protected]