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Nevada-based real estate group acquires Albuquerque hotel

bizjournals Thursday, 30 November 2017
The Siegel Group Nevada Inc. is increasing its Albuquerque portfolio with a $4 million acquisition and it's not stopping there. The Nevada-based group closed on a Midtown hotel at 2500 University Boulevard on Nov. 13. The hotel was formerly operated under both Travelodge and Super 8. Siegel said it typically scoops up underperforming "value-add assets substantially below replacement cost" like the Albuquerque complex — which is 244 units and 86,790 square feet. Also included in the acquisition…
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