New Markets Tax Credit Coalition

Marriott Spring Hill Hotel Urban Hospitality

Investment

  • NMTC Amount: $14,550,000
  • Total Project Cost: $25,895,886

IMPACT

  • 54 FTE jobs
  • 123 construction jobs

Investor

Project Description

The project, which is being developed by Albuquerque’s Titan Development and Maestas Development Group, is a nearly 93,000-square-foot, 118-room hotel on Central Avenue. It is also set to be the second home of the Ronald McDonald House Charities of New Mexico, which will occupy the entire third floor and 20 rooms.

MAP

Address: 1101 Central Avenue Northeast, Albuquerque, NM 87106

Census Tract: 35001003722

Other New Mexico Projects

A food manufacturing plant expansion on in Albuquerque's South Valley, an economically depressed area of the City.
NMTC financing for the PMS’ Farmington and Socorro FQHCs.
The final phase of a $70 million phased in project to redo the entire water and waste water system on the reservation.
Financing for the construction of two electrical substations on the Navajo Nation Reservation