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Originally Posted by VSRJ
I haven't heard of Sheraton's expansion plans (if any), but I really wish they'd stop adding on to that building--it's such a dull structure.
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I agree completely.
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I have heard from some reliable sources that the Hilton planned for the Forum area is still trying to secure financing.
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That's also good to hear.
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That's what I find so frustrating. There's an obvious need for more hotel rooms in the city, specifically near downtown, yet nothing seems to be moving. Can anyone offer some insight into this?
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Your guess is as good as mine. I'm going to assume that developers who generally develop hotels don't think that Downtown Memphis requires as many hotel rooms as we think. Occupancy rate is currently 60%, but the lack of hotel rooms has kept a lot of different events from coming to Memphis.
My next guess is the lack of financial support from the city to various developers.