ALBUQUERQUE, NM and MCLEAN, Va. – December 10, 2013 – Hilton Worldwide today announced the signing of a franchise license agreement to operate its award- winning mid-tier, all-suite hotel brand, Home2 Suites by Hilton, in Albuquerque. Two locally based companies, Allen Sigmon Real Estate Group (ASREG) and
Total Management Systems, Inc. (TMS), have teamed up to purchase and finish the partially completed hotel at Interstate 40 and Interstate 25. The new hotel is scheduled to open in mid-2014.
“We’re thrilled to add another Home2 Suites by Hilton hotel to our growing portfolio,” said Bill Duncan, global head, Home2 Suites by Hilton. “It will be our first Home2 property in New Mexico and this development is especially close to home for our company, as Conrad Hilton, founder of Hilton Worldwide, was born and raised just south of Albuquerque in San Antonio, New Mexico.”
The 121-guestroom Home2 Suites by Hilton is located at Interstate 40 and Interstate 25, New Mexico’s busiest intersection. Construction on the 6-story, 97,441 sq. ft. steel building was started in 2007 before coming to a halt in 2008 when the former ownership lost funding due to the economic downturn. Local business owners, Brad Allen, Lance Sigmon, and Prakash Sundaram have assembled a partnership group of local investors to purchase the property on October 30, 2013 and flag the hotel as Home2 Suites by Hilton.
Home2 Suites by Hilton is a mid-tier, extended stay hotel brand featuring studio suites that include a kitchen and state-of-the-art media/working zone. The new property will offer easy access to technology and inviting community spaces, as well as the trademark Home2 Suites amenities standard in all properties, such as the Oasis lobby area, the Home2 MKT for grab-and-go items, the Spin2 Cycle, a combined laundry and fitness area, and free continental breakfast at the Inspired Table that includes a variety of morning favorites like a hot breakfast sandwich. The hotel will also feature ample meeting space with cutting edge audio/visual equipment.
Construction on the existing structure will be completed by Sundaram Builders, Inc. and the hotel will be managed by Total Management Systems, Inc.
“We are excited to complete this hotel which has been sitting vacant for the last 5 years or so,” said Prakash Sundaram, president and CEO, Sundaram Builders and TMS. “Extensive renovations are planned to bring this building up to Hilton Worldwide standards. From a visibility standpoint, this is probably one of the most highly visible locations in the state, and we want to make this building an icon for the City of Albuquerque. We’re thankful that the City of Albuquerque has been so cooperative in helping us get this project restarted by streamlining the building permit approval process.”
Sundaram has been involved five other hotel projects in the Albuquerque area, as well as other projects in Gallup and Artesia, NM, Denver, CO, and Texas.
”As a part of the Albuquerque business community, we’re pleased the seller’s chose us, a local group, to own the project,” said Brad Allen, ASREG. “We’re excited about the economic impact our project will have on the city. Hundreds of people will be involved in the development of this hotel and once completed, it will staff 25 employees.”
Some maintenance work has already started on the building as developers finalize plans for the completion of the building. For more information about Allen Sigmon Real Estate Group, please contact Brad Allen or Lance Sigmon at 505-884-4699 or firstname.lastname@example.org and email@example.com. To learn more about Total
Management Systems and Sundaram Builders, please contact Prakash Sundaram at 505-831-4200 or firstname.lastname@example.org.
Read more about Home2 Suites by Hilton at www.home2suites.com and news.home2suites.com.
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About Home2 Suites by Hilton
Home2 Suites by Hilton, the newest addition to the Hilton Worldwide portfolio of brands, is a mid- tier, extended-stay hotel concept designed to offer stylish accommodations, flexible guest room configurations and inspired amenities for the cost-conscious guest. As the fastest growing brand in the history of Hilton Worldwide, Memphis, Tenn.-based Home2 Suites offers a complimentary breakfast selection; innovative and customizable guest room design; combination laundry and fitness area; complimentary Wi-Fi Internet access; multiple outdoor spaces; 24-hour business center; expansive community spaces; and a commitment to environmentally friendly products and hotel operations. For more information about Home2 Suites by Hilton visit http://news.home2suites.com. For information on franchising opportunities, visit http://www.home2franchise.com/.
About Hilton Worldwide
Hilton Worldwide is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 94 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company’s portfolio of ten world-class global brands is comprised of more than 4,000 managed, franchised, owned and leased hotels and timeshare properties, with more than 665,000 rooms in 90 countries and territories, including Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonorsTM. Visit www.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide and www.linkedin.com/company/hilton-worldwide.