city-of-memphis-agenda-2024-07-23_cbe.pdf
Hotel Construction: 30-Year Ground Lease Approved
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Description
The City Council is considering a resolution to approve a 30-year ground lease for the construction and operation of a hotel. The project will be located within The District @ Liberty Park.
Contract Details
Contract Amount
NA
Vendor
CAPSTONE DEVELOPMENT
Agency
City of Memphis, TN
Contract Type
Lease
Document Date
July 23, 2024
Contract Term
30-year Ground Lease, with Four (4) Ten Year renewal options
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