la posada de santa fe
Ashford Trust Completes Acquisition of the La Posada de Santa Fe Hotel for $50 Million
Ashford Hospitality Trust | November 1, 2018
DALLAS, Nov. 1, 2018 -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has completed the previously announced acquisition of La Posada de Santa Fe ("La Posada") located in Santa Fe, New Mexico, for total consideration of $50 million. This acquisition is the second transaction to benefit from the Enhanced Return Funding Program (the "Program") with Ashford Inc. (NYSE American: AINC). In connection with the acquisition of La Posada, Ashford Inc. will provide Ashford Trust with $5 million of cash via the future purchase of hotel furniture, fixtu...
Ashford Trust Enters Agreement to Acquire the La Posada de Santa Fe for $50 Million
October 9, 2018
DALLAS, Oct. 9, 2018 -- Acquisition Highlights: Iconic boutique resort located in the affluent and high barriers-to-entry Santa Fe, New Mexicomarket proximate to the historic Santa Fe Plaza Exceptional amenities including four food & beverage outlets, an award-winning full-service spa and 7,800 square feet of indoor/outdoor meeting space Revenue per available room (RevPAR) of $155 for the 12 months ended August 31, 2018 The Property is a member of Marriott's Tribute Portfolio Property is in excellent physical condition with limited capex needs In connection with this acquisition, Ashford Inc. has committed to provide Ashf...
La Posada de Santa Fe Becomes First Tribute Portfolio Resort in American Southwest
Tribute Portfolio | October 5, 2016
Tribute Portfolio, part of Marriott International, Inc. (NASDAQ:MAR), today announced its debut in New Mexico with the addition of La Posada de Santa Fe, a Tribute Portfolio Resort & Spa. More a village than typical hotel, La Posada de Santa Fe features 157 unique guestrooms, each decorated in a distinctive Southwestern style but with no two rooms designed the same. The property stands out as an artful resort in the nation's oldest capital, featuring authentic adobe-style architecture, inviting accommodations, award-winning service and diverse dining options. "The renowned architecture and landscape of Santa Fe provide a perfect bac...
