Hotel near Albuquerque International Sunport sold, to undergo $4.5 million renovation

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The Sheraton hotel by the Albuquerque International Sunport is getting a new owner who has some major renovations planned. CEO of Terrapin Management, Tony Sherman, started doing business in Albuquerque at a time when Eclipse Aviation was having a positive impact on Albuquerque and Tesla had announced it was considering coming to the city. He wanted to capitalize on the blossoming technology scene so he bought two Hampton Inns in Albuquerque. Then the recession hit, Tesla never came and Eclipse…
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