New Markets Tax Credit Coalition

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Hotel Andaluz

Investment

  • NMTC Amount: $5,345,034
  • Total Project Cost: $25,754,099

IMPACT

  • 134 FTE jobs
  • 80 construction jobs

CDEs

Investor

Project Description

NMTC financing supported the rehab of the historic Hilton Hotel Andaluz. The project brought new jobs to the community, many of which were set-aside for Native Americans.

MAP

Address: 125 Second Street Northwest, Albuquerque, NM 87102

Census Tract: 35001002100

Other New Mexico Projects

Financing for the construction of two electrical substations on the Navajo Nation Reservation
The final phase of a $70 million phased in project to redo the entire water and waste water system on the reservation.
Acquisition of steam generation equipment to expand the McKinley Paper, Prewitt facility’s manufacturing capacity by 25%.
A $22.2 million project included the acquisition of 10 acres of land, construction and equipping a 70,000 sq. ft. state-of-the-art material recovery facility capable of processing more than 120,000 tons