Loews Memphis hotel project will not move forward

Loews Hotel Corporation has pulled the plug on plans for its Memphis skyscraper hotel, informing city officials this year it will not move forward with a 20-plus story hotel on Civic Center Plaza Downtown.

New York-based Loews had planned to build a convention center hotel a block away from the newly renovated Renasant Convention Center. Plans once included refurbishing the old Memphis Police Headquarters building on Adams Avenue, but the deal for the land never closed.

“While we are disappointed that Loews Hotels will not be coming to Memphis as planned, we remain encouraged by the continued growth of the industry, particularly in our downtown core,” the city of Memphis said in a statement Tuesday.

The site of the future Loews development.  Photographed Tuesday, July 7, 2020, in downtown Memphis.

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The city of Memphis and Downtown Memphis Commission signed a development agreement with Loews in mid-2019. The deal included provisions that said it would be null and void if financing was not in place by the end of 2020. Then the pandemic upended the convention and tourism business.

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