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La Posada coming home for Xmas

February 14, 2007

The historic La Posada hotel in downtown may reopen as soon as December of this year. NM Business Weekly reports the Albuquerque city counsel finance committee unanimously approve a $8.9 million industrial revenue bond (IRB).

Developer Goodman Realty may start revamping the hotel as early as March if the city counsel votes in favor of the IRB on February 21.

Goodman Realty currently manages One Sun Plaza (former headquarters Sun Healthcare) among two more retail properties in Albuquerque.

It’d be great to see La Posada reopen. Downtown has a steady pulse, but it wouldn’t hurt to increase its beats per minute. The La Posada reopening paired with the purposed 140 room hotel to be developed in conjunction with an arena would do a lot for ‘downtown life.’

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