AWH Partners Acquires Newly-Renovated DoubleTree by Hilton Albuquerque

USA, New York City, New York. September 02, 2019

AWH Partners, LLC, a privately held real estate investment, development and management firm, announces the acquisition of DoubleTree by Hilton Albuquerque, marking more than a dozen Hiltons and over 1,500 DoubleTree keys acquired across the United States - and the first hotel purchased in the growing New Mexico market - for the investment firm. Located in the heart of Albuquerque's Central Business District, the newly-renovated DoubleTree is the only hotel directly connected to the 300,000 square-foot Albuquerque Convention Center, giving the property a strategic competitive advantage over other full-service hotels in the area. Spire Hospitality, AWH's full-service hospitality management company, is now managing the 295-room DoubleTree Albuquerque and will begin implementing core strategies, leveraging the ownership and management companies' breadth of experience with the brand to grow operating revenues and profit margins.

"DoubleTree Albuquerque completed a multi-million-dollar renovation in 2018, including all guestrooms, public spaces and meeting rooms, and offers exclusive access to the Albuquerque Convention Center, which also recently completed a $23M+ restoration," says Russ Flicker, principal of AWH Partners. "The product and its location, coupled with the robust market growth, a healthy convention calendar and the hotel's proximity to tourism hot spots in Albuquerque, indicate we will continue seeing the significant upward momentum this property has seen since its renovation."

Poised in the heart of downtown, DoubleTree by Hilton Albuquerque's contemporary design features nuances of the Southwest with enviable views of the Sandia Mountains beyond the metropolitan location. The urban, full-service Hilton provides 8,100 square-feet of flexible meeting and ballroom space, along with direct, underground access to the expansive Albuquerque Convention Center. Icon Bistro invites guests for New Mexican-inspired breakfast classics, while the menu at Lounge 201 serves up lunch and dinner options in a modern, relaxed setting perfect for gatherings with friends, families and colleagues.

"Market research shows Albuquerque growing at a rapid rate, with an increasing concentration of high-tech companies moving to the destination, including a new 300-acre Facebook campus and a new Netflix production hub. More than 3,100 new high-tech related jobs have been added to the area in the last 18 months," says Chad Cooley, principal, AWH Partners. "This economic development and the draw of the beautiful locale is driving significant hotel demand. We're thrilled to establish AWH Partners presence in this alluring destination."

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in December 2019...

Hotel Law: A Labor Crisis and Cyber Security

According to a recent study, the hospitality industry accounted for 2.9 trillion dollars in sales and in the U.S. alone, was responsible for 1 in 9 jobs. In an industry of that scope and dimension, legal issues touch every aspect of a hotel's operation, and legal services are required in order to conform to all prevailing laws and regulations. Though not all hotels face the same issues, there are some industry-wide subjects that are of concern more broadly. One of those matters is the issue of immigration and how it affects the ability of hotels to recruit qualified employees. The hotel industry is currently facing a labor crisis; the U.S. Labor Department estimates that there are 600,000 unfilled jobs in the industry. Part of the problem contributing to this labor shortage is the lack of H2B visas for low-skilled workers, combined with the difficulty in obtaining J-1 visas for temporary workers. Because comprehensive immigration reform is not being addressed politically, hotel managers expect things are going to get worse before they get better. Corporate cyber security is another major legal issue the industry must address. Hotels are under enormous pressure in this area given the large volume of customer financial transactions they handle daily. Recently, a federal court ruled that the Federal Trade Commission had the power to regulate corporate cyber security, so it is incumbent on hotels to establish data security programs in order to prevent data breaches. The lack of such programs could cause hotels to face legal threats from government agencies, class action lawsuits, and damage to their brand image if a data breach should occur. These are just two of the critical issues that the December issue of Hotel Business Review will examine in the area of hotel law.