New Memphis Hotels Raise the Bar for Rate While Extending Occupancy Recovery

Marc Greeley | October 30, 2023

By Marc Greeley The last eight years were an active period for Downtown Memphis hotel development. Prior to 2015, no new hotels had opened in Memphis since 2010, most of which were in the midscale or upper-midscale chains. Beginning in 2015, Memphis experienced notable supply growth, and although some of this development was in suburban areas, several new downtown hotels opened between 2015 and 2019, including the Hilton Garden Inn; Central Station Hotel, Curio Collection by Hilton; Moxy Hotel; and ARRIVE Memphis. Moreover, during this period, some existing hotels were renovated and repositioned to higher-tier products, including the ...