Rockwood Sells Hyatt Regency Albuquerque
Friday July 19th, 2013 - 9:14AM H
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BETHESDA, MD—Rockwood Real Estate Advisors has arranged the sale of the Hyatt Regency in Albuquerque, NM.
Rockwood represented 330 Tijeras Avenue NW Holdings LLC in the sale of the 395-room property to Albuquerque Hotel Investments Capital for an undisclosed amount. The Hyatt management agreement was terminated at the closing of the sale and the new owner has entered into a franchise agreement so the hotel will continue to operate as a Hyatt.
Tags: • Hospitality • Ownership •
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.