Bernalillo Co. commissioners introduce resolution to help fund new hotel | KOB 4
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Bernalillo Co. commissioners introduce resolution to help fund new hotel

Kai Porter
Created: February 26, 2020 06:51 PM

ALBUQUERQUE, N.M.—Bernalillo County Commissioners voted to introduce a resolution that would free up $7.5 million in bonds to help fund a boutique hotel in Albuquerque.

If everything goes according to plan, Albuquerque would be the Hotel McCoy’s second location and would occupy the Sleep Inn on Gibson and Yale.

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Commissioners are hoping the hotel will draw in tourists and locals. The hotel will feature entertainment and local art that tourists can purchase.  Room rates are expected to be under $100.

Developers said they’re still in the design phase for Albuquerque, but are planning to include a bistro, bar and indoor pool. The hotel is expected to have nearly 100 rooms.

The Bernalillo County Commission will have a final vote on the bonds in April.

If approved, developers said construction will begin in June and open in January 2021.


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