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May 16, 2014, 2:38pm CDT Updated: May 19, 2014, 6:43am CDT

 

First look at planned 450-room hotel at Elvis' Graceland

 

 

 

 

 

 

 

 

 

Guest House at Graceland

Enlarge Photo

 

Courtesy of Elvis Presley Enterprises/ Hnedak Bobo Group Inc.

 

Architectural drawing of The Guest House at Graceland

 

 

 

 

 

Michael SheffieldStaff writer-

Memphis Business Journal

Email | Twitter | LinkedIn | Google+

The 450-room Guest House at Graceland will closely resemble the Graceland mansion, according to early architectural drawings released by Elvis Presley Enterprises. The $70 million hotel will have a resort feeling with a large swimming pool and outdoor events area, as well as more than 400 parking spaces for guests.

 

The hotel is expected to be built at the corner of Elvis Presley Boulevard and Old Hickory Road. An apartment complex and a car dealership are currently located at the site.

 

While EPE isn’t commenting any further than a statement they released when plans were confirmed April 30, the company has set a target completion date for sometime in 2015, which means the project could begin construction later this year. Demolition has already begun on the apartment buildings, but final details about the project are still being determined, according to EPE officials. The project will be funded privately, and EPE already owns the land the hotel will occupy. The renderings were presented during a town hall community meeting at the Elvis Presley Auto Museum at Graceland Thursday night.

 

EPE was acquired in November 2013 by Authentic Brands Group LLC and National Entertainment Collectibles Association for $130 million.

 

During an interview with MBJ in 2013, Joel Weinshanker, founder and CEO of NECA, said expansion plans could also include more entertainment options and the development of new hotels in the area. Elvis Presley Enterprises owns 120 acres around Graceland, but only 43 acres are currently developed. However, the new owners are committed to making sure they don’t price Elvis fans out of the market.

 

“If we have to make less money next year to make Graceland better, then we’re going to do it

 

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May 16, 2014, 2:38pm CDT Updated: May 19, 2014, 6:43am CDT

 

First look at planned 450-room hotel at Elvis' Graceland

 

 

 

 

 

Guest House at Graceland

Enlarge Photo

 

Courtesy of Elvis Presley Enterprises/ Hnedak Bobo Group Inc.

 

Architectural drawing of The Guest House at Graceland

 

 

 

 

 

Michael SheffieldStaff writer-

Memphis Business Journal

Email | Twitter | LinkedIn | Google+

The 450-room Guest House at Graceland will closely resemble the Graceland mansion, according to early architectural drawings released by Elvis Presley Enterprises. The $70 million hotel will have a resort feeling with a large swimming pool and outdoor events area, as well as more than 400 parking spaces for guests.

 

The hotel is expected to be built at the corner of Elvis Presley Boulevard and Old Hickory Road. An apartment complex and a car dealership are currently located at the site.

 

While EPE isn’t commenting any further than a statement they released when plans were confirmed April 30, the company has set a target completion date for sometime in 2015, which means the project could begin construction later this year. Demolition has already begun on the apartment buildings, but final details about the project are still being determined, according to EPE officials. The project will be funded privately, and EPE already owns the land the hotel will occupy. The renderings were presented during a town hall community meeting at the Elvis Presley Auto Museum at Graceland Thursday night.

 

EPE was acquired in November 2013 by Authentic Brands Group LLC and National Entertainment Collectibles Association for $130 million.

 

During an interview with MBJ in 2013, Joel Weinshanker, founder and CEO of NECA, said expansion plans could also include more entertainment options and the development of new hotels in the area. Elvis Presley Enterprises owns 120 acres around Graceland, but only 43 acres are currently developed. However, the new owners are committed to making sure they don’t price Elvis fans out of the market.

 

“If we have to make less money next year to make Graceland better, then we’re going to do it

I've been reading about this, Autochanger. They've been talking about building a new hotel for a few years and it looks like it's really going to happen now which is great news for even more Elvis fans being able to stay so close to Graceland, as it's going to be a lot bigger than the present Heartbreak Hotel. My only concern is, from what I've read, I think that they're going to demolish the present Heartbreak Hotel which will be a real shame. I'm sure that they could use it in some way or another. I've been lucky enough to stay there, and it was fantastic and it was at a reasonable price too! :dance:

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