Poor value for money, stay elsewhere.
We booked in for 1 night at The Peabody in August. We were lucky that our room was spacious and clean. It was not worth what we paid though and the sofa was old and worn. Although the Peabody does have a great location near Beale Street and Autozone park, many other hotels are equally well located. The lobby is nice, but very obviously 4 star and not 5. The famous fountain is tiny and the 4 ducks look lethargic in their unnatural environment. Children would get more pleasure from being taken to a pond than being crammed into the hotel lobby with hundreds of gawping adults.
Breakfast is not included in the rate and is very expensive. There is a Denny's just over the road. The Peabody charge a $11.95 service fee for use of the internet and pool whether you use them or not. Most hotels and even motels in the U.S. allow their guests to use the pool for free. Even the free coffee was served at the ridiculous time of 5.30 a.m. meaning most guests would not be able to take advantage of the offer. I've stayed in some expensive hotels but The Peabody felt like a complete rip off. My champagne glass had lipstick stains from the previous user.
The Peabody heavily leans on it's famous reputation. It needs to make a lot more effort to live up to that reputation.