Sun Capital Hotels purchased the 126-key Hyatt Place Albuquerque/Uptown, N.M. An institutional seller sold the property in a deal brokered by Hunter Hotel Advisors. Other terms and conditions were not disclosed. Hunter’s Brian Embree, vice president in the firm’s Los Angeles office, facilitated the transaction.
“This hotel marks our seventh property in Albuquerque and twelfth overall in our portfolio,” Deepesh Kholwadwala, president and CEO of Sun Capital Hotels, said in a statement. “It’s a great asset right in our front yard, in a high barrier-to-entry submarket. My father started out in Albuquerque in 1981 with a small 23-room motel, so this acquisition carries personal meaning as well. Sun Capital Hotels has seven additional hotels in its pipeline and continues to grow through both new builds and acquisitions.”
Located in Albuquerque’s Uptown district, the six-story Hyatt Place Albuquerque/Uptown sits within the city’s shopping and dining hub. The property is near ABQ Uptown and Coronado Center, together offering more than 1.4 million square feet of retail and entertainment. Nearby venues such as EXPO New Mexico, Tingley Coliseum and the University of New Mexico further drive year-round demand, alongside the city’s growing convention, cultural and sports offerings.
“The Hyatt Place Albuquerque/Uptown is a top-performing hotel in one of Albuquerque’s most vibrant districts,” Embree said. “The property is positioned to capture strong demand from retail, entertainment, university and convention activity, as well as Albuquerque’s thriving film industry.”
The Hyatt Place Albuquerque/Uptown has 1,127 square feet of meeting space, a business center, and a 24-hour fitness center, along with an outdoor pool and dining options including the Breakfast Bar and The Placery lobby bar.