Albuquerque Convention Center Hotel and Multipurpose Event Center

This $345 million development includes a new 550-room Sheraton® convention center headquarters hotel, a 12,000-seat event center, an entertainment/retail zone, 880 spaces of structured parking, a Rail Runner Bridge and Canopy and related infrastructure.

Initial plans for the event center include at least two minor-league teams, concert seating for 12,000, a private club, 32 executive suites and up to 500 premium seats.  The event center is projected to attract 135 events and 650,000 attendees annually.

Garfield Traub and its team have proposed an innovative multi-tiered financing plan for the development that includes a substantial private capital commitment and limits public financial participation to the City’s current taxing authority.  

Projected revenue to the City after debt service is $5.6 million in the first five years growing to $25 million in later years.  An estimated 2,600 to 3,400 construction jobs and nearly 1,000 permanent jobs are projected to be created by the development.