Memphis Spent $22M on a 590-Room Hotel. The Renovation Will Cost 11 Times That. Let's Talk About Why.
The city of Memphis bought the Sheraton Downtown for $22 million, rebranded it the Memphis Riverline Hotel, and now faces a $250 million renovation bill to make it match the convention center next door. The real story isn't the price tag... it's what happens to every owner who inherits decades of someone else's deferred maintenance.
