Alva Review-Courier -

Crowdfunding effort behind plan to revitalize Route 66 hotel

 

January 19, 2020



ALBUQUERQUE, N.M. (AP) — There are plans to redevelop another dilapidated hotel along the longest urban stretch of historic Route 66, but this project on the edge downtown Albuquerque will be bankrolled in a unique way.

ARRIVE Hotels & Restaurants, the California-based hotel and entertainment company behind the effort, is partnering with investment platform NextSeed to raise $6 million through local crowdfunding to pay for part of the project.

At nearly $25 million, the work will involve updating rooms at The Hotel Blue, changing the property's name and adding new food and drink offerin...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019