Dream Hotel Group to open Memphis, Tenn., hotel in 2022

The Dream Memphis will feature 178 guestrooms and four dining and nightlife venues. Photo credit: designshop, pllc 2019

Dream Hotel Group, in partnership with Memphis, Tenn., real estate developer 18Main, plans to open the Dream Hotels brand’s second Tennessee hotel in 2022. The 178-room Dream Memphis will feature a signature restaurant, a lobby lounge, a coffee shop and a rooftop bar with indoor and outdoor event space.

18 Main, owner of the Dream Memphis, will convert the Royal Furniture building in downtown Memphis, keeping the existing facade. The hotel will be located a short walk from Beale Street, as well as the FedEx Forum, home of the NBA Memphis Grizzlies and NCAA Memphis Tigers. The area is home to the world headquarters of several companies, including ServiceMaster, AutoZone, Indigo Ag and, soon, FedEx Logistics.

“We are excited by 18Main’s continued investment in the downtown core,” Jennifer Oswalt, president/CEO of the Downtown Memphis Commission, said in a statement. “Their commitment to revitalization and reuse aligns well with the Downtown Memphis Commission’s vision. This is a key site on Main Street and near the entertainment district, and we believe the reimagining of this beautiful building into a boutique hotel would create additional 24/7 vibrancy, which is always welcome downtown.”

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Dream Hotel Group opened its first Tennessee location, Dream Nashville, earlier this year. The hotel brand and management company encompasses four hotel brands: Dream Hotels, Time Hotels, The Chatwal and Unscripted Hotels.

Suggested Articles

Hotels in Hong Kong and on the mainland are facing revenue declines as visitor numbers fall.

While upscale's pipeline is larger, upper-midscale's YOY pipeline increase is significantly higher, according to STR data.

Under threat of a hostile takeover from a local tour operator, the company may have found a "white knight" in SoftBank's U.S. subsidiary.