The Hyatt Regency Albuquerque was part of the Albuquerque Plaza mixed-use development built by BetaWest Properties, a commercial real estate subsidiary of
US West and sister company of the
Mountain Bell telephone company. The company was planning a new office tower to replace the old Mountain Bell building, which was originally built in 1953 as a
Fedway department store and was notable for having New Mexico's first
escalator. Concurrently, the city was planning a major expansion of the
Albuquerque Convention Center and convinced BetaWest to add a luxury hotel to the proposed development. In order to secure the hotel deal, the city gave BetaWest $10 million in loans, a seven-year exemption on property taxes for the hotel, and a three-year catering concession for the convention center. Designed by
HOK Architects, the planned development consisted of a 22-story office tower and 20-story hotel tower connected by a shared base. Construction began in early 1988 with the demolition of the Mountain Bell building and was completed in the summer of 1990. The total cost of the project was $100 million. In August 1988, it was announced that
Hyatt Hotels had been chosen to operate the hotel, and the grand opening was held two years later on August 1, 1990. In 2005 the office tower was sold to a local investment group, now under the umbrella of Allegiance Realty of
Charlotte, North Carolina. Meanwhile, the Hyatt was sold to an out-of-state investor
The Clyde Hotel In 2022, the hotel was upgraded and rebranded by owner Heritage Hotels and Resorts, and renamed
The Clyde Hotel. ==Architecture==