Abo Sada Acquires La Posada De Santa Fe Hotel From Stephen Zsigray For $57.5 Million

The transaction involved the sale of a hotel asset located at 330 East Palace Avenue in Santa Fe, NM. The property is a 157-room hotel, known as La Posada de Santa Fe, which was sold for a price of $57.5 million, equating to $366,242 per room.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $57,500,000
• Address: 330 East Palace Avenue
• Market: Santa Fe, NM
• Keys: 157
• PPK: $366,242
• Buyer: Abo Sada
• Seller: Stephen Zsigray - Ashford Hospitality Trust
• Broker Representatives: Kami Burnette & Brian Embree - Hunter Hotel Advisors
• Financing: First American Bank

Abo Sada, an affiliate of Abo Empire, acquired the property from Stephen Zsigray, who represented Ashford Hospitality Trust in this transaction. The sale was facilitated by the brokerage team of Kami Burnette and Brian Embree from Hunter Hotel Advisors.