The 126-room Hyatt Place Albuquerque/Uptown is set for a $4.75 million renovation, and a cocktail bar is also planned for the property.
Albuquerque-based Sun Capital Hotels, led by President and CEO Deepesh Kholwadwala, bought the hotel at 6901 Arvada Ave. NE in 2025 and also owns a property in the nearby Winrock submarket, according to Albuquerque Business First.
Planned Hotel Renovation and Bar
The cocktail bar is planned as a separate project, with a $750,000 budget earmarked for it, the outlet notes.
A Rooftop Bar in Uptown
The Element by Westin Albuquerque Uptown opened in August 2024 and introduced Volaré, its rooftop bar, according to Total Management Systems.
New Mexico enacted liquor law reforms in 2021 under House Bill 255, according to the Office of the Governor.
Tourism in Albuquerque
Albuquerque draws around six million visitors annually and generates around $2 billion in tourism spending, according to New Mexico News Port. Statewide, New Mexico's visitor totals rebounded to 39 million after the pandemic, driving $7.2 billion in direct spending, according to the same outlet, with tourism now accounting for roughly 8% of the state's total labor force.
Sun Capital Hotels is led by CEO Deepesh Kholwadwala.
