The Hyatt Regency Memphis Hotel and Spa at One Beale is expected to break ground by the end of this year and open in 2010.
The property will be located at the base of a mixed-use tower in downtown Memphis that is slated to open in 2010.
The hotel will offer guests 240 guest rooms, 22,500 square feet of meeting space, two restaurants, a spa, and a swimming pool on its 10th floor.