Waramaug Hospitality, Interstate Acquire Sheraton Albuquerque
Wednesday December 18th, 2013 - 10:17AM E
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
BOCA RATON, FL—A joint venture consisting of Waramaug Hospitality and Interstate Hotels & Resorts, as well as an alternate money management firm, have acquired the 276-room Sheraton Albuquerque Airport Hotel.
This is the seventh hotel acquired by the joint venture. The Sheraton Albuquerque Airport Hotel recently completed a $14 million renovation and includes views of the Sandia Mountains and Rio Grande Valley. It is located near area attractions such as the Historic Old Town, the eclectic Nob Hill, University of New Mexico, the ABQ BioPark and several golf courses.
The hotel will remain a Sheraton property and will be managed by Interstate Hotels & Resorts.
Tags: Sheraton Albuquerque Airport Hotel • Waramaug Hospitality • Interstate • Hospitality • Acquisitions •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.