Early 2014, Belz Enterprises announced that it has established Peabody Hotels &
Resorts, a hotel and resort management venture that will leverage the ongoing brand
success of Peabody Hotels. With this strategic shift in focus, the Memphis, Tennessee,
based company is moving into asset/brand management within the luxury hotel
segment. Belz Enterprises will continue to own and operate The Peabody Memphis just
as it has since the Belz family purchased the historic hotel in 1975, restored and
reopened it in 1981. "The Peabody Memphis will be the flagship property of Peabody
Hotels & Resorts, one that all future hotels under our management will be modeled
after," said Douglas V. Browne, President, Peabody Hotels & Resorts.