HOUSTON, TX, February 7, 2022: HVS Brokerage & Advisory announces the sale of the 58-key Old Santa Fe Inn, located at 201 Montezuma Avenue, Santa Fe, New Mexico 87501.
The unique, limited-service hotel property, built in 1995, was purchased by Cienda Partners and Bentley Legacy Holdings, based in Dallas, Texas, from the Barker family, who reside in Santa Fe, New Mexico.
“Eric’s effort to understand the vitality of the hospitality market in historic Downtown Santa Fe was exceptional. Throughout the process, he and his team worked with strong focus & integrity to close the transaction. They were proactive, prompt, and always engaged and professional. It was a true pleasure to work with Eric and his team,” commented Suzanne Barker.
The property benefits from its strategic location in the heart of Downtown Santa Fe, within walking distance of the Historic Santa Fe Plaza, surrounded by unique retail shops, galleries, museums, and restaurants. The hotel capitalized on the robust recovery in Santa Fe over the past twelve months and is well positioned for new ownership. The sale included an office building that will be converted into five additional guestrooms. The buyer also owns the La Fonda on the Plaza hotel, just a few blocks from the Old Santa Fe Inn, and believes the hotel will be an ideal sister property.
“We greatly appreciate our firm’s relationship with the Barker family. Leveraging our nationwide footprint, we assembled a deal team that included our Houston and Albuquerque offices. Using a confidential, targeted marketing process, we created strong interest in the marketplace and found the perfect fit with Cienda and Bentley Legacy. We are committed to providing our clients with the best solutions, leveraging our team execution approach and resulting in a great deal story,” said Eric Guerrero, Managing Director of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guerrero, James Rebullida, and Fadi Rawashdeh participated in this transaction. Eric Guerrero served as the broker of record.
About HVS Brokerage & AdvisoryThe Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 40 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want.
+1 (720) 244-7620