New Hotel Being Considered At Graceland

New Hotel Being Considered At Graceland

CREATED May 1, 2014

MEMPHIS, Tenn. (AP) - A new hotel proposed at Graceland would be among the biggest in Memphis if approved.

Media reported Elvis Presley Enterprises Inc. presented plans for the proposed structure to the city on Wednesday.

City officials say development plans call for 450 rooms in the hotel, along with an upscale restaurant, sports bar and nearby movie theater at a cost of about $70 million.

It is tentatively to be called The Guesthouse at Graceland and would be built near Presley's mansion on land the company purchased in 1994. A statement from the company says if the project proceeds, there would be minimal impact on the surrounding community.

City leaders are expressing support for the project.

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