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(Memphis) We now have a first look at the plans for the new Graceland hotel.

It’s a 450-room hotel Elvis Presley Enterprises wants to construct on their property.

They call it the Guest House of Graceland.

We are told there will be a restaurant, a sports facility and a performance theater.

The Whitehaven community came out to see the new plans at a public meeting at the Elvis Presley Car Museum.

The response was overwhelmingly positive.

“I don’t think anybody in here would want to speak against this project ’cause this is a long time coming,” one resident stood up and said.

No one spoke out against the $70 million project that, if approved, will break ground in August.

Residents liked what they heard.

“They are going to keep as many trees as possible and that’s what makes a good neighborhood,” Whitehaven resident Carra Williams said.

“Bringing back the conventions in our area instead of it all being downtown,” Whitehaven property owner Pam young said.

The hotel would reportedly bring between 75 and 100 jobs.

“I’m glad to know that. Its’ a great plan,” Johnny Smith said.

The new hotel, is planned to open in August of 2015 and will mean the closing of the The Heartbreak Hotel.