New Markets Tax Credit Coalition

Search

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

Former hospital turned into a landmark status hotel, the Parq Hotel.
Acquisition of steam generation equipment to expand the McKinley Paper, Prewitt facility’s manufacturing capacity by 25%.

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.

The Pueblo of Laguna Utility Authority is an independent nonprofit entity, owned by the Pueblo of Laguna, which develops, manages and maintains utilities for the Pueblo of Laguna, the largest