New Mexico
Historic La Posada De Santa Fe hotel sells for $58 million
SANTA FE, N.M. (KRQE) – The historic La Posada De Santa Fe hotel recently sold for $58 million. The 157-room hotel has been around since 1882 and has been operating as a hotel since the 1930s, making it a staple in Santa Fe. Ashford Hospitality purchased the hotel in 2018, and now Abo Empire owns it as of last month.
Cousins Ryan Price and Trey Yates, who run Abo Empire, say the sale came at the perfect time, as the family-owned oil and gas company had just offloaded a family ranch and decided to try a hand in hospitality. “We wanted to find ways of planting those dollars back into New Mexico, and that happened to be right around the time La Posada came on the market,” Price said.
The new owners of Abo Empire are New Mexican locals. They say they have strong ties to the hotel and plan on keeping the building’s tradition alive while making some improvements.
Price and Yates say their families would choose to stay at La Posada during family vacations growing up, and Price even met his wife in the hotel lobby. “It’s always held a strong place in our hearts,” Price said.
So when making improvements, they plan on preserving the hotel’s spirit. “We feel like over the last decade, the hotel’s been underinvested in,” Yates said. “We’ll be pouring back into it and improving the hotel. There’ll be some major renovations happening for the next three years. Our goal is to keep the hotel open during a large part of this process.”
Yates says they’ll be doing the renovations strategically and upgrading each casita piece by piece throughout the process. “We’re gonna look at keeping the same type of New Mexican charm as well as bringing some things up to date,” Yates said.
Crescent Hotels and Resorts, in partnership with William Cole Companies, will manage the hotel together.
SANTA FE, N.M. – Santa Fe County and Edgewood approved a new agreement and ordinance that secures ongoing fire and EMS services for Edgewood residents.
According to a joint announcement from the Town of Edgewood and Santa Fe County on June 19, the two governments negotiated and adopted a new Joint Powers Agreement and ordinance to keep the Santa Fe County Fire Department serving the town.
County and town representatives drafted the agreement together. The town adopted the ordinance unanimously at a special meeting on June 16, putting an end to weeks of uncertainty.
Santa Fe County District 3 Commissioner Camilla Bustamante said, “I believe we are all relieved to know that the people of Edgewood will continue to have the fire and EMS services necessary to protect their homes, their families, and their community. This community deserves nothing less.”
The announcement said the ordinance takes effect five days after final publication. The statement also said no further action or approval is needed to guarantee continued fire suppression, fire prevention, and EMS services for Edgewood residents.
Both governments noted the agreement will continue indefinitely unless either side ends it with five years’ notice.
New Mexico leaders are backing a bipartisan bill after 12 confirmed U.S. screwworm cases, including one case in a Lea County dog.
SANTA FE, N.M. – New Mexico leaders are backing a bipartisan bill after 12 confirmed U.S. screwworm cases, including one case in a Lea County dog.
New Mexico State Veterinarian Dr. Samantha Holeck said the parasite has spread to New Mexico, though officials say they have not found any human cases.
“This is also not a political issue this is a nationwide issue that we all need to address because it affects all warm blooded animals including humans,” Holeck said.
U.S. Reps. Gabe Vasquez and Teresa Leger Fernandez support the Protect America’s Herds Act.
The bill would create a grant program to train people to identify, treat, prevent and report screwworm. It would also support more livestock inspections and education for ranchers.
Rep. Teresa Leger Fernandez said she heard concerns from tribal leaders about the cost of protecting cattle herds.
“I spoke with one of our tribal leaders today and they have cattle operation and they’re worried, and they’re talking about how much more money they’re having to pay to go make sure they check on their herds and there are extra costs,” Leger Fernandez said.
Funding would prioritize states and tribal communities most at risk for screwworm outbreaks.
State health officials said screwworm is not a food safety issue. They also said ranchers should stay alert but not alarmed.
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