Titan Development to Revitalize Nob Hill with New Hotel
Deal News | Apr 30, 2025 | Titan Development Ltd
Titan Development Ltd. is set to transform Nob Hill in Albuquerque with the construction of a new 112-room hotel on the site of the former Hiway House. The county has approved a $34 million industrial revenue bond to support the project, which aims to embrace the region's Route 66 car culture through its mid-century modern design. The hotel, which will be linked to Marriott’s Tribute brand, is expected to attract approximately 30,000 guests annually, with its bar and restaurant drawing an additional 45,000 visitors each year. Local businesses and residents anticipate that the new establishment will significantly enhance the community’s appeal, provide economic uplift, and maintain the neighborhood’s walkability and vibrant atmosphere.
Sectors
- Real Estate Development
- Hospitality
- Local Government
Geography
- Albuquerque, New Mexico, USA – The new hotel project is located in the Nob Hill area of Albuquerque, New Mexico.
Industry
- Real Estate Development – The article discusses a new hotel development project undertaken by Titan Development Ltd. in the Nob Hill area of Albuquerque.
- Hospitality – The project involves the construction of a hotel which will be linked to Marriott’s Tribute brand, catering to travelers and local customers.
- Local Government – The involvement of the county in approving a $34 million industrial revenue bond highlights the role of local government in supporting the project.
Financials
- $34 million – An industrial revenue bond approved by Bernalillo County to support the development of the hotel project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Titan Development Ltd. | Project Developer | Company | The development firm responsible for building the new hotel in Nob Hill. |
| Marriott International | Hotel Brand Affiliate | Company | The hotel will be linked to Marriott's Tribute brand, indicating Marriott's involvement as a branding partner. |
| Bernalillo County | Local Government Entity | Government | The county approved a $34 million industrial revenue bond to facilitate the hotel project. |
| Gary Eyster | Representative | Person | Representative from the Nob Hill neighborhood association expressing community support for the project. |
| Josh Rogers | Development Partner | Person | Representative of Titan Development providing details about the hotel project. |
| Tonya Hill | Business Owner | Person | Owner of Phat Stax, a local business, expressing optimism about the project’s positive impact on the community. |