$25 Million Construction Loan for Development of Caption by Hyatt

We represented a financial services company in connection with a $25 million construction loan for the development of the 136-room Caption by Hyatt located in downtown Memphis, Tennessee. The borrower/developer is a joint venture between a Memphis developer and Hyatt Hotels Corporation. The new hotel, which will overlook the Mississippi River at the foot of Beale Street and will have a total development cost exceeding $43 million, is the second hotel of the One Beale development.

Read more about the new Memphis Caption by Hyatt here, and more about our representation of the neighboring Hyatt Centric here, the first hotel of the One Beale development.

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