The former US Naval Hospital sits on a river bluff near the Memphis-Arkansas bridge. With its elaborate architecture (including a domed cupola) and its amazing river view, it would make a wonderful luxury resort, all the more so as it sits directly beside the National Ornamental Metal Museum. Supposedly, the owner intended it to become condominiums before the 2008 recession, but a luxury hotel would seem to be a better option, particularly since Memphis has a glut of vacant downtown condominiums.