The following is a news release from Loeb about the plans:
Loeb Properties, in partnership with LRC2 Properties of Oxford, MS and MMI Hotel Group of Flowood, MS are pleased to take the next step in bringing a boutique hotel to Overton Square with yesterday's submittal of hotel plans to the Office of Planning and Development.
Current plans for the Overton Square hotel include up to 109 hotel rooms with indoor/outdoor food and beverage service on both the ground floor and rooftop. This hotel will be built for Marriott’s boutique soft brand, Tribute Portfolio, designed to match the Square’s unique architectural style with high-end finishes that incorporate local historic imagery. The hotel will include expressive design moments, vibrant public spaces, and a flexible food and beverage model including a rooftop bar overlooking Midtown and Overton Park.
This hotel will be the only current generation hotel in Midtown Memphis, and the only high-end boutique brand hotel outside of Downtown Memphis. The hotel will enable Playhouse on the Square, Hattiloo Theatre and Ballet Memphis to create a regional performing arts district in Overton Square that will attract visitors from a 250 mile radius around Memphis. Construction is scheduled to begin by November of 2018 with a Grand Opening in the First Quarter of 2020.