Two city council members have confirmed that EPE are currently making preparations to build a new lavish "Heartbreak Hotel" near to the mansion. The new hotel won't be directly next door to Graceland, but about 400 yards or so northward, at the site of the old Meadows apartment complex that is now demolished and boarded off by a huge iron fence. It is doubtful that the groundbreaking will happen this year but will most likely begin in 2012. It's going to be an Elvis-themed luxury hotel with conference and meeting space. Much nicer and bigger than the current one.