NMSU development board approves hotel on campus
The School of Hotel, Restaurant and Tourism Management is excited that New Mexico State University is moving forward with a plan to lease 2.5 acres of university land just west of the Las Cruces Convention Center for a 120-room hotel next to the Las Cruces Convention Center. It is slated to be a Courtyard by Marriott property. Collaboration with the hotel developer and operator will enhance the already outstanding educational and professional opportunities that the HRTM program provides for its students.
According to Prakash Sundarum, President and CEO of Total Management Systems, Developer and Operator for the hotel
Our investors are thrilled to be part of this project and will build a land mark hotel for the NMSU campus. It is our hope that we will be able to have a symbiotic relationship with the HRTM School, helping to provide a nurturing learning environment to HRTM students, leverage our Marriott and Hilton affiliations as well as our talented management team, to bring in engaging guest speakers, and provide opportunities to prospective students who are serious about our industry. Exposure to the Marriott culture will be an asset to students who want to enter a career in the hotel industry. We hope to provide students exposure into all aspects of the hospitality business including development, site selection, franchise selection, operations, maintenance, banquet service, accounting and food and beverage.
TMS’ executive management includes: Krithika Sundarum, Senior VP of Finance, Vinodh Peruma, Senior VP IT and Operations, Malini Perumal, Senior VP Sales, Marketing, and Revenue Management, and Stephen Smith, Area Manager. Sigmon Allen Real Estate principals, Brad Allen and Lance Sigmon will also be involved in the project.
NMSU is not actually building the hotel and HRTM will not be operating the property. The university will receive either $80,000 annually or a percentage of the hotel's gross revenue, whichever is greater.
Visit Las Cruces and the Las Cruces Convention Center are in support of the project as it will open up more opportunities for the city to attract visitors. In the past, potential conventions have been lost because the center did not have an adjacent hotel.
The project will also increase gross receipts taxes for the city. These should be around $900,000 in the construction phase alone and create 50 or so construction jobs.