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Memphis

Indigo Road Takes Over Central Station Hotel

A group of Memphis investors bought the 123-room Downtown hotel for $16.5 million, and Indigo Road Hospitality Group now runs it.

Updated on Nov. 6, 2026 in Hospitality

Photograph of the upper brick and terra-cotta facade of a historic Downtown Memphis hotel under soft autumn sunlight, with arched windows and street trees below.
Investors led by Staley Cates bought the 123-room Central Station Hotel in Downtown Memphis for $16.5 million, with Indigo Road Hospitality Group now managing it. AI Illustration. Upload story photo >

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Indigo Road Hospitality Group assumed operations and management of the Central Station Hotel Memphis, Curio Collection by Hilton, as of Nov. 2. A group of local investors bought the 123-guestroom hotel at 545 S. Main St. in Downtown Memphis for $16.5 million.

Why it matters

The sale places a Downtown Memphis luxury hotel under new management and new ownership, with plans for a restaurant and membership club. The hotel was listed for sale in September 2025 through the Marcus & Millichap Miller-Gomes Hotel Team.

The $16.5 million sale price is backed by a $10.5 million loan assigned to Central Station Hotel Partners, LLC, from Independent Bank of Tennessee, agreed Nov. 2. The extraction includes no comparable hotel sale prices or per-room valuations for context.

The players

Indigo Road Hospitality Group

Indigo Road Hospitality Group is a hospitality company based in Charleston, South Carolina, that now operates the Central Station Hotel Memphis.

Independent Bank of Tennessee

Independent Bank of Tennessee is a regional bank that agreed to assign a $10.5 million loan to the hotel's new ownership entity.

The details

Staley Cates is managing partner of the ownership group, which partnered with Indigo Road Hospitality Group, based in Charleston, South Carolina. Eight & Sand, the hotel's cocktail bar and lounge, will remain open with refreshed musical programming, and Oak Steakhouse is planned to open at the hotel in 2027.

Timeline

  1. September 2025: The hotel was listed for sale through Marcus & Millichap.

  2. 2019: Central Station Hotel opened after redevelopment with Kemmons Wilson Companies.

  3. Nov. 2: Indigo Road assumed operations and the bank agreed to the loan assignment.

  4. 2027: Oak Steakhouse is scheduled to debut at the hotel.

Market Landscape

The hotel continues under the Curio Collection by Hilton brand, which markets independent upscale properties within Hilton's portfolio. The change in operator and ownership keeps the property in that brand while shifting management to a Charleston-based group.

Guests booking at the Central Station Hotel will see Eight & Sand continue as the cocktail lounge, and a planned Oak Steakhouse and neighborhood coffee bar are coming. Indigo Road also plans a private membership club within the hotel, which could change dining and event options for local visitors.

The takeaway

The sale shows local investors partnering with an out-of-state hospitality group to take over a Downtown Memphis luxury property. Visitors and residents can expect new dining and social offerings at the hotel as those plans roll out.

What happens next

Oak Steakhouse is scheduled to debut at the Central Station Hotel in 2027, and its executive chef will be announced at a later date.

Further reading

Explore more Memphis hospitality news to see how the city's hotel market is changing.

Source note: This article includes information reported by The Commercial Appeal.

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