November 19, 2010
ALBUQUERQUE, N.M. — After a $21 million renovation, a former psychiatric and rail-yard hospital has been transformed into a posh downtown hotel.
During an economic downturn, developers hope that the Hotel Parq Central can give an economic boost to the East Downtown District.
“We’re trying to revitalize the area for the neighborhood,” Hotel Parq Central managing director Yancy Sturgeon said.
The hotel is in a historic building. The structure once housed the old Santa Fe Rail Hospital and Memorial Hospital. Memorial Hospital was a psychiatric hospital for children.
There are several rumors about ghosts roaming the halls, but developers said nothing unusual has been reported in the remodeled space.
Restaurants, shops, hair salons and housing developments are popping up around the East Downtown District.
“With the addition of the hotel, now hoping to just take and bring this back up to what Nob Hill has done with their area,” Sturgeon said.
The remodeling created 200 jobs, and the hotel currently employs 52 people. The hotel hopes to be an anchor for the community by encouraging nearby development.
“We’re really kind of hoping to feed off each other. Everyone’s been really supportive and we’re working hard to make downtown a great spot for Albuquerque and our travelers,” Hotel Parq Central director of sales Lindsay Joule said.
The Hotel Parq Central has been open for about five weeks, but the official grand opening will be held this weekend.