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.
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