Waramaug Hospitality, Interstate Acquire Sheraton Albuquerque
Wednesday December 18th, 2013 - 10:17AM E
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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 •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.