The asset involved in this transaction is Bishop’s Lodge, a hotel located at 1297 Bishops Lodge Road (Alt) in Santa Fe, NM. The hotel has a total square footage of 134,523 and is part of the luxury Auberge Resorts Collection. Originally opened in 1918, it has received several accolades, including being named the number one resort in the U.S. Mountain West by Conde Nast Traveler and earning a World’s Best Travel + Leisure award. The resort is partly listed on the New Mexico State Register of Cultural Properties and the National Register of Historic Places.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $76,200,000
• Lender: Sean Ribble, Spencer Olson, Jonathan Kloos, Joseph Zhong - Nuveen Green Capital
• Landlord: Juniper Capital
• Loan Type: Refinance
• Loan Terms: 25 Years
• Market: Santa Fe, NM

This transaction was facilitated by Nuveen Green Capital, which provided financing for the refinance of Bishop’s Lodge, incorporating C-PACE financing for improvements to the building envelope, lighting, HVAC, and plumbing. The resort underwent a $127.2MM repositioning in 2021, highlighting a significant investment in its facilities and maintenance.