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    Exchange Building Apartments

    2.8 (66 reviews)
    Closed 9:00 am - 5:00 pm

    By appointment only

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    Very dated window blinds and "air conditioning" unit for the whole "room"
    Frances D.

    Definitely Deceptive. This should not be listed as a hotel because it is not environmentally hospitable. Do NOT stay here--you will get cooked in this place because of lack of air conditioning in the "room" The lobby is beautifully decorated and very cool and refreshing upon stepping into the building. The reception desk is staffed with a pleasant woman who greets us with kindness and excellent hospitality. She reminds us that the room has air conditioning and reminds us that this is a "no-smoking room." Next we take the elevator car that resembles the Disney hotel Tower of Terror ride... and then the door opens to the fourth floor... the atmosphere resembles a sauna and smells of different kinds of smoke... we get to our room and enter a short maze of a hall with two side closets into a small kitchen and find the restroom at the turn of the hall branching to one bedroom, sitting area, and second bedroom. The entire place presents with a rustic charm- not perfect but understanding that it is an old building with the idea of hosting Memphis visitors for a stay away from home. The kitchen is rough and doesn't have a complete set of silverware, the microwave is clean but has evidence of sparking, the oven door handle looks unreliable, as does the dishwasher (not that we would use any of the appliances or place settings). We only used the refrigerator for our drinks. Well the bathroom is as bad as the hallway. There is no drain cover for the bathtub and there is evidence of cigarette burns on the bathtub as well. The air vent doesn't pull the air out it just convects you as you shower, intact if you take a cold shower, you will be sweating because there is NO air conditioning in the bathroom! We adjust the thermostat in the room from 77-degrees to 70 and go to dinner. Upon our return the AC unit is reading 78-degrees. The entire suite is hotter at 1am the AC unit shows that it is 81-degrees and no windows could be opened (mind you the weather channel reports that it is 76-degrees outside) in turn only means that it is even hotter in the two bedrooms, as the separate rooms do not have AIR CONDITIONING. How can one little "A/C" unit be expected to cool a 770 sqft space!? Each room should have the same sized "A/C" unit installed. It finally bottomed out at 77 at 6:30am. This is a place that would be bearable if the outdoor temperature doesn't exceed 75-degrees. Bottom line. DO NOT STAY HERE.

    We were unbelievably disappointed in our AirBnB in this building. List of issue: *Bare wires protruding from wall *Toiletries provided in a USED zip lock bag *Remotes with no batteries. One TV works which requires manual changing of channels, power, and volume. *Broken stool that cannot be used *Couch with broken arms- left and right side *Multiple blinds dangling from wall and non adjustable *Stained towels provided. (Handed to us in a trash bag) * Poor cleanliness of entire apartment * used towels in bathroom

    View of the Mississippi River from one bedroom
    Santeri P.

    I would definitely stay here again (I booked as a hotel, not apartment). I was passing through Memphis on a road trip and decided to spend one night. Booked a room here and was very happy with the place. Even though I only needed one bedroom the place is all suites. I had two nice clean bedrooms with big windows and plenty of natural light. A living room, kitchen, and bathroom are all there as well. The kitchen had everything you would expect, a stove, microwave, refrigerator, sink, plates, bowls, silverware, cookware, even a dishwasher. It was more like an apartment than a hotel room which had the pleasant effect of making me feel like I was at home instead of at a hotel. The suite was on the 14th floor which gave views of the Mississippi River from both bedrooms. The bed was comfortable, pillows were comfortable, and the style was pleasant and bright. There was a thermostat in the room that allowed me to control the temperature and since it was winter I did turn up the heat and it worked nicely. The staff was nice at check-in and check-out and when I called down one evening for a shower cap for my wife which they provided for free. The location is great, pretty much in the center of downtown Memphis. Bars, cafes, and restaurants, including Beale Street, are all within walking distance. The only drawback was that the building doesn't have its own parking facility. However, I had no problem finding street parking that is free on evenings and weekends and if needed there was a garage one block away. I also checked the tv in the room and was unable to get any channels to work although this didn't bother me since I wasn't planning on watching anyways since I was too busy exploring Memphis.

    Lindsay A.

    We had a great time staying in this historic building. The place is old and full of history. We loved our remodeled room with hardwood floors and a great view of the city. We were all in walking distance to everything we wanted to see.

    Anna V.

    Great new up and coming hotel with European feel in historical Exchange building! We stayed here for a night so we wouldn't drive home after partying in downtown. Not your typical hotel, felt very European with ton of space, we had 1 bedroom apartment with updated details, great Contemporary lobby, housekeeping brought us toiletries in less than 2 min. Love the non white linens and bedding. Great view of downtown memphis from 12th floor. Definitely will be back. Very good value!!!!!

    Outside of the hotel
    Pete K.

    This hotel is very unique. From the outside it looks a cross between the Ghostbusters hotel and the Tower of Terror ride. Inside it's a classy marble floored lobby. Rooms are okay. They have the same weird feel. I would not recommend this for the hoity toity types. If you are looking for a bit of a unique potentially haunted hotel... I recommend this place.

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    Yes, Brenda rocks!! She cares about residents!!

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    Review Highlights - Exchange Building Apartments

    The view from my room was nice, i could see Beale Street which was only a couple blocks away.

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    Exchange Building Apartments - apartments - Updated May 2026

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