Lodge Andaluz bought by group behind 5 NM Hilton properties

The Andaluz Lodge in Downtown Albuquerque. (Adolphe Pierre-Louis/Journal)

 

A fixture of the Downtown Albuquerque skyline, Lodge Andaluz was purchased earlier this month from former proprietor Gary Goodman.

The historic lodge was bought by Legacy Hospitality, which now owns 4 Hilton properties in Albuquerque and one in Santa Fe.

“With the historical past of this lodge, it’s actually essential, I believe, that we preserve this product alive,” stated Todd Walters, vice chairman of operations at Legacy Hospitality.

In keeping with Walters, developer Goodman – founder and CEO of Goodman Realty Group – was seeking to deal with different tasks across the metropolis. Walters didn’t disclose the acquisition worth.

“It was kind-of time handy it off to a brand new technology of hospitality of us,” stated Phil Snyder, senior vice chairman of finance at Goodman Realty Group.

Snyder stated that the corporate is specializing in developments at Winrock City Heart, together with a brand new park, meals corridor, bar and boutique lodge. The proceeds from the sale, Snyder stated, will probably be invested in different hospitality tasks round Albuquerque.

Lodge Andaluz was inbuilt 1939 – the fourth lodge ever constructed by New Mexico-born businessman Conrad Hilton, founding father of the Hilton Inns chain, in response to Walters. On the time it was constructed, it price $700,000 and, at ten tales excessive, was the tallest constructing in New Mexico – in addition to the primary constructing within the state with air con, in response to the Lodge Andaluz web site.

All through the latter half of the twentieth century, the lodge was bought a number of instances earlier than being purchased in 2005 by Albuquerque developer Goodman for $4 million. He renamed the property Lodge Andaluz in 2008, and in 2019, the lodge turned a Hilton as soon as extra as a part of the Curio Assortment, which financially helps accommodations however permits them to function independantly.

“It was fairly neat to see, 80 years later, it come again into the household,” Snyder stated.

Snyder stated that as Lodge Andaluz made the swap again to Hilton and got here out of the pandemic, the lodge noticed file income.

Snyder stated he feels that the brand new homeowners will proceed the legacy of the lodge.

“You don’t make an funding like that until you actually wish to preserve it particular,” Snyder stated.

Walters stated the Lodge Andaluz property can profit the town round it.

“In Albuquerque, to have a luxurious boutique lodge is fabulous. It’s nice for the town,” Walters stated. “We all know the difficulties of Downtown with homelessness, crime. … We additionally know the worth of a flag like this. It’s good for Albuquerque to have some luxurious.”

Walters stated that Legacy Hospitality is planning to pump a number of million {dollars} into renovations over the subsequent 18 to 24 months. He stated that over the previous many years in enterprise, there’s been some put on and tear on the lodge. Renovations are already underway after Legacy Hospitality took over the lodge on Nov. 2. Future modifications will embrace updates to restaurant and bar tools, a brand new branding technique and the addition of an on-site health middle. Lodge Andaluz at the moment companions with the close by Downtown Sports activities & Wellness location.

However some issues will stay the identical.

“The identify Andaluz will maintain, in fact,” Walters stated.

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