Sillerman to Demolish Heartbreak Hotel
MEMPHIS, TN, April 21, 2006. Robert Sillerman, the billionaire who last year bought an 85 percent stake in Elvis Presley Enterprises, reportedly plans to demolish Heartbreak Hotel across the street from Graceland.
In its place he is expected to build two 400-room hotels, convention space, restaurants, and an amphitheater.
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