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ALBUQUERQUE, N.M. — The Wyndham Albuquerque Hotel and Conference Center at Carlisle Boulevard and I-40 has closed and will soon be renovated into an apartment complex, according to the hotel’s Vice President of Real Estate Sandy Martin.

The hotel closed its doors last week so work on revamping the structure into a projected 130 apartments could begin as quickly as possible, Martin said in a phone interview.

“The hotel’s vacancy rate is really high in the area and we have looked at other alternatives and decided that this was the best way to go,” Martin said. “We went to the city a few months ago to get the permits to change the use.”

Martin said the future of the adjoining water park is still uncertain and she hopes the first phase of the remodel will be completed before the end of the year.

Martin did not say how much the renovation was going to cost. However, Martin did say crews were going to reuse as much of the existing material as possible to conserve cost.

In 2017, the hotel then called the Hotel Cascada, went through a re-branding and a $5 million renovation, which included a new fitness center, new exterior painting, an updated lobby and upgrades to the Altitude Sports Grill and the hotel’s guest rooms, along with a name change to Wyndham Hotel and Conference Center.

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