ARRIVE Albuquerque offers a rare opportunity to invest in a marquee property in the redeveloping downtown area of Albuquerque. The hotel is poised to become a social and architectural landmark for this culturally significant stretch of the city’s downtown core, along former Route-66. It will be anchored by a ground floor emphasizing a locally-oriented coffee shop, bar, courtyard, pool, games area, and food truck park. The project site is ideally located between historic Old Town and the Downtown central business district. It is also walkable to notable restaurants, bars and shops in the area. With a civic and community refocus on downtown redevelopment, ARRIVE Albuquerque represents a unique and timely investment well-positioned to capitalize on downtown’s accelerating growth.

The hotel will be fully renovated with upgraded finishes and a modern design aesthetic that emphasizes comfort and open space, while paying tribute to the well-preserved original mid-century architecture. Thoughtful design and a streamlined guest experience have led to insightful upgrades, such as replacing the existing formal lobby with a new bar and coffee shop that presents the "front desk" check-in experience in a manner more aligned with today's foodie and mobile-first traveler. Additional amenities, including a large outdoor pool, games area, and food truck park give guests and locals a superior experience that exceeds other comparable hotels in the marketplace. 

ARRIVE Albuquerque will become a unique destination for tourists to Albuquerque and provide a positive community benefit. Historic Route-66 is internationally known, and with its 15 mile stretch, Albuquerque has the longest intact stretch of the highway in an urban area in the U.S. Adhering to federal historic preservation requirements will bring the hotel back to its original character as a stop on the John Steinbeck-coined “Mother Road”. Beyond catering to visitors seeking out this authentic travel experience, the hotel’s new ground-floor amenities will make it a destination for locals too. The goal is to create a thriving neighborhood establishment that is continually active with both locals and visitors to Albuquerque. 

NextSeed Holdings LLC, a new investment unit of the NextSeed group, is excited to introduce this unique real estate investment to our investor community. After over four years of operating an online investment platform, NextSeed has formed its own asset management division to identify, develop and invest in proprietary projects. Working with experienced real estate and hospitality partners in a fast-developing urban center, we aim to create meaningful community-building investment opportunities for local investors across the country. 

ARRIVE ABQ Community Fund is structured as a Qualified Opportunity Fund (QOF), which will invest 100% of its capital into the ARRIVE Albuquerque hotel development. A Qualified Opportunity Fund offers investors three main tax benefits: 

1. Defer capital gains on an original sale until the QOF investment is sold or December 31, 2026, whichever is first.
   
   
2. 10% reduction in the original deferred gain if the QOF investment is held for five years and another 5% reduction (15% total) if held for seven years.
   
   
3. Eliminate capital gains from the QOF investment if held for ten years. 

Because capital gains on an original sale are deferred until 12/31/26 and the additional 5% increase in basis requires the QOF investment to be held for seven years, investments into a QOF must be made by 12/31/19 to qualify for the full 15% reduction on original capital gains.  However, investments made after 12/31/19 will still receive the 10% reduction. Read more about Qualified Opportunity Funds in our Education Center.  

About ARRIVE Hotels and Restaurants

ARRIVE Hotels and Restaurants is a new hospitality brand actively building and developing unique, experiential properties in multiple markets across the U.S. ARRIVE builds for the neighborhood, creating hotels and restaurants that serve as a crossroads for locals and travelers celebrating the surrounding style, food, drinks and culture. ARRIVE offers guests “low-key luxury” with a focus on thoughtful design and getting the little things right. All ARRIVE hotels utilize thoughtful technology to enhance its services without making technology the focus of the ARRIVE experience. For example, ARRIVE makes it easy for guests to text or email requests to the hotel and manage their reservations. Along with getting rid of a formal front desk and using a bar or coffee shop to fill that duty, ARRIVE optimizes hotel operations to cut inefficiencies while maintaining a superior guest experience. Each ARRIVE property reflects the look, feel, tastes, and lifestyle of its neighborhood. Each property boasts distinctive design and architecture that complements and honors its local surroundings, with the aim of earning a position as a locally-celebrated landmark.  

The first property under the ARRIVE flag premiered in Palm Springs in 2016 and was met with critical and customer acclaim.  ARRIVE hotel properties in Wilmington, NC, Austin, TX, and Memphis, TN all opened in 2019.  ARRIVE Phoenix is slated to open in early 2020. With plans for significant expansion in the coming years, ARRIVE aims to become a nationally-recognized leader in local community-focused hotel and restaurant management.  

At its core, ARRIVE is a team of people who care an extraordinary amount about making special places that make people feel welcome. The attention to service, furnishings and guest experience sets ARRIVE Albuquerque apart from what you would typically expect - the thoughtfully redesigned rooms, pool, bar, and meeting and event spaces are all there. ARRIVE will fill the need for rooms at the upper-middle price point, which is currently underserved in Albuquerque. 

See bios of the ARRIVE management team in The Team section below. 

ARRIVE Albuquerque will be located at:
717 Central Ave NW
Albuquerque, NM 87102

With its high caliber amenities and location along Albuquerque's main downtown business drag, ARRIVE Albuquerque will be positioned to capture increasing demand from both residents and visitors. Visitors, who will be able to experience the city's culture and vibe without leaving the hotel, will be across the street from an outdoor farmers market and walking distance from the city's core entertainment district. And with more residents moving into the downtown area, ARRIVE Albuquerque will strive to become a destination hot spot for local residents as well. The appeal to both residents and visitors alike (similar to brands like the Line Hotel, The Standard Hotels, and Ace Hotels) will make ARRIVE Albuquerque a landmark in the city’s downtown area. 

ARRIVE Albuquerque is just one of multiple new developments located in New Mexico's Census Tract 21, an Opportunity Zone. Others include Innovate ABQ, a public-private partnership developing a 7-acre innovation district fostering economic development and job creation; ONE Central, a mixed-use residential project in the heart of downtown; and Glorieta Station, an 8-acre adaptive re-use project that will offer dining, retail, and the arts.  

About Albuquerque

The city of Albuquerque was officially founded in 1706, making it one of the oldest cities in the United States. The city has a unique multicultural heritage with Hispanic and Latino influences, in addition to the deep Native American roots that span back thousands of years. Today, Albuquerque is New Mexico’s largest city with nearly one million people; and over 5 million passengers traveled through Albuquerque International Sunport in 2018. 

Albuquerque's economy is driven by Sandia National Laboratories, Kirtland Airforce Base, defense-related technology companies, educational institutions, and the film industry. The city is surrounded by over 30,000 acres of hiking trails and open space, set against the dramatic backdrop of the Sandia Mountains and 310 days of blue skies. The Albuquerque International Balloon Fiesta, the world’s largest hot air balloon festival, takes place each October bringing in over 600 pilots and 860,000 guests during the 9-day event. 

While Albuquerque is a center of high-tech industry and research, it retains its connections to the past, such as ancient ruins, the historic Old Town, and the vintage neon signs along Route-66 (Central Avenue). Old Town was Albuquerque’s first neighborhood. More than 300 years after its founding, it remains a center for culture, historic architecture, shopping, art, museums, and dining. At just under 1 square mile, the area boasts over 100 shops, galleries, and restaurants. If you are looking for even more culture, the internationally renowned cities of Santa Fe and Taos are a short drive north. 

Albuquerque is a mile-high city with elevations ranging from 5,000 to 6,000 feet. Albuquerque’s spectacular year-round weather provides the opportunity to ski and golf in the same day. Sandia Peak, located just a half hour from downtown, has a 10,678-foot summit. The peak can be conveniently reached from the base of the mountain in fifteen minutes by taking the Sandia Peak Tramway. At 2.7 miles in horizontal length, it is the longest aerial tram in the United States and boasts one of the longest clear spans in the world. Over 250,000 passengers ride the tram each year to take in the stunning panoramic view of 11,000 square miles. Sandia Peak is also home to New Mexico’s oldest ski resort. Due to its proximity to the Rocky Mountains, New Mexico also provides access to 8 other ski resorts.  

The new Netflix TV and film production facility in Albuquerque (where Netflix has promised to spend $1 billion in production over the next 10 years) brings film crews, cast and visitors from around the country that will gravitate towards creative, modern hotel spaces for their stays. In addition, NBC Universal has recently announced plans to build production facilities in Albuquerque, investing $500 million into the city over 10 years. 

Downtown Albuquerque is undergoing a resurgence and aims to become a prime destination for working, dining and entertainment. With consistent support from local government and city leadership, Albuquerque is investing heavily in increasing urban density and redevelopment. In 2010, Mayor Richard J. Berry initiated “ABQ the Plan” - a long range project for large city-wide projects designed to spur economic development, increase quality of life, promote tourism, and encourage job creation. As part of the revitalization effort, the 100-year old, historic Railway Yards is a city-led effort to bring the space back to life. Adjacent to the Yards is the already updated blacksmith shop which houses the popular Rail Yards Market, a 110-vendor weekly gathering of food vendors, farmers, artisans, and much more. In 2015, Albuquerque established a “2030 District” joining cities such as Denver, Portland, Seattle, San Francisco, and Toronto. The program intends to drive economic development downtown by committing to dramatic reductions in water and energy consumption and greenhouse emissions. In addition, the Albuquerque Rapid Transit bus line, a dedicated lane in the middle of Central Avenue,  recently began service. The award-winning project spans 9-miles and serves 20 stations connecting major districts throughout the city. Two stations are located within close walking distance of ARRIVE Albuquerque. 

These drivers provide a steady demand for hotels that keeps hotel performance steady year-over-year. Community and civic leaders have been vocal that there are not enough hotel rooms to meet the current demand. The Albuquerque Convention Center continually has to turn away potential event business, because the city does not have enough accommodations for conference guests. Visit Albuquerque, the city’s preeminent tourism company, estimates that, “Since 2013, the Convention Center has been eliminated from consideration for at least three dozen meetings due to a lack of concentration of hotel rooms within walking distance to the building. The collective direct spending impact of that business conservatively equates to over $80 million dollars.” With 135 rooms located less than 0.5 miles from the Convention Center, ARRIVE Albuquerque is well-positioned to help fill the need for additional rooms.