One Beale developer combines its two Hyatt hotels
The combined 363-room hotel will carry the Hyatt Centric flag. (Brad Vest/Special to The Daily Memphian file)
Officials on Tuesday, Aug. 12, approved combining two payment-in-lieu-of-tax incentives for Carlisle Corp. so the developer can merge its two One Beale hotels: Hyatt Centric and Caption by Hyatt.
The Downtown Memphis Commission Center City Revenue Finance Corp. approved combining the two PILOTs as well as putting the two hotels under one ownership group, 33 Beale Street Hotel Co.
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Dima Amro
Dima Amro is a native Memphian who covers commercial real estate and economic development for The Daily Memphian. She received her B.A. in journalism at the University of Memphis and M.A. in investigative journalism at American University.
Sophia Surrett
Sophia Surrett is a University of Alabama graduate, where she received her B.A. in news media and M.A. in journalism and media studies. She covers small business, nonprofits, restaurant real estate, hospitality and tourism, manufacturing, and transportation and logistics.
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