Ashford Hospitality Trust sold the La Posada de Santa Fe, A Tribute Portfolio Resort & Spa, a historical landmark resort located in Santa Fe, N.M. to Abo Sada for an undisclosed sum. Other terms and conditions were not disclosed. The transaction was brokered by Hunter Advisors' SVP Kami Burnette and VP Brian Embree.
Located on more than five acres in the heart of downtown Santa Fe, steps from the historic Santa Fe Plaza, La Posada represents one of the most distinctive and historically significant hospitality assets in the Southwest. The property operates as a village-style resort composed of Pueblo-Revival adobe casitas, offering an immersive sense of place rooted in the region’s architectural and cultural heritage.
The La Posada de Santa Fe has 157 guestrooms and suites, multiple food-and-beverage venues, a full-service spa, and approximately 7,700-square-feet of meeting space. The resort’s dining program includes several distinct outlets, highlighted by the historic Staab House lounge—recognized by Travel + Leisure as the “coziest bar in Santa Fe”—alongside a collection of restaurants and social spaces that contribute to its role as a vibrant gathering place within the city.
“The offering presented a rare opportunity to acquire a large-scale, institutionally branded resort in one of the most tightly held and supply-constrained markets in the Southwest,” Burnette said in a statement. “We are thankful for the opportunity to facilitate a successful transaction for buyer and seller.”
Santa Fe is a highly supply-constrained lodging market, with strict zoning controls, preservation requirements, and high development costs limiting new hotel construction. The market is supported by a strong mix of cultural, leisure, and seasonal demand, anchored by its position as one of the leading art markets in the United States and a calendar of major events and attractions.
“Closing this transaction was satisfying given the iconic nature of the La Posada,” said Embree. “The property’s established operating performance, combined with clear avenues to enhance the guest experience through future improvements, supported strong investor interest throughout the process.”