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The 600-room Sheraton Downtown Memphis at 250 N. Main St. was listed for sale about three weeks ago, according to Wayne Tabor, president of the Metropolitan Memphis Hotel & Lodging Association.
Starwood acquired the Sheraton, Four Points by Sheraton, and The Luxury Collection brands from ITT Sheraton in 1998. In 1999, Starwood launched their "W" Hotels brand. [ 9 ] In September 2005, Starwood announced the launch of Aloft, a new hotel brand based on W. Aloft Hotels catered toward business travelers .
Hilton announced definitive plans in February 2016 to spin off a REIT (Park Hotels & Resorts) and its timeshare business (Hilton Grand Vacations) as separate companies. [7] [8] The spin-offs were completed on January 4, 2017. [9] [10] Park Hotels became the second-largest publicly traded hotel REIT, with holdings of 67 hotels. [8] [10]
Sheraton Hotels and Resorts is an American international hotel chain owned by Marriott International.As of June 30, 2020, Sheraton operates 446 hotels with 155,617 rooms globally, including locations in North America, Africa, Asia Pacific, Central and South America, Europe, the Middle East and the Caribbean, in addition to 84 hotels with 23,092 rooms in the pipeline.
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On December 1, 2023, the name of the resort was revealed to be "Universal Kids Resort". [4] The resort will encompass 32 acres (13 ha) of land and include a 5-story, 300-room hotel. [7] [8] In February 2024, Moss Utilities LLC was hired as the utilities contractor for the park. [9] On June 1, 2024, the park was expected to open in June 2026.
That price is $100,000 more than that set by an appraiser but only half the value assigned by the Wichita Appraisal District. The hotel, considered a showplace Sheraton when it was built in 1985 ...