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.
Virgin Galactic is partnering with the nonprofit group Operation Period to research menstruation in space.
NEW MEXICO – Virgin Galactic plans a research flight on menstruation in space, aiming to study how microgravity could affect hormones and menstrual cycles on longer trips.
Virgin Galactic is partnering with the nonprofit group Operation Period to research menstruation in space.
The company plans to launch flights next year, and one of them will focus on the effects of microgravity on menstruation.
Two women researchers are currently training for the flight.
They say they hope to reveal how future space travel could affect hormones and the menstrual cycle, especially over long durations in space.
Grant’s Thursday Evening Forecast
Showers and thunderstorms will continue in eastern New Mexico tonight into Friday. Breezy winds will bring an elevated fire danger in the western half of the state.
Thunderstorms are firing up Thursday afternoon along and east of New Mexico’s central mountain chain while gusty south winds over 30 mph are driving an elevated fire danger across western parts of the state. Storms will continue spreading across eastern New Mexico through this evening, bringing locally heavy rainfall, lightning, small hail, and gusty winds. The winds will weaken later tonight, but showers and thunderstorms will keep going across eastern New Mexico overnight into early Friday morning.
A few spotty storms will redevelop Friday afternoon across eastern New Mexico, with a couple near the Texas state line capable of turning strong to severe. At the same time, breezy southwest winds will ramp back up across western New Mexico, with gusts over 35 mph creating another round of elevated fire danger. Storms will push east out of New Mexico Friday evening while winds gradually ease overnight.
Quieter and drier weather takes over this weekend. Temperatures Saturday afternoon will cool a few degrees but still stay near average for late May. Breezy afternoon winds will continue Saturday before lighter winds and warmer temperatures return Sunday.
Moisture will start building back into eastern New Mexico Monday, bringing a slight chance for thunderstorms near the Texas state line. Monday will also be the hottest day of the warming trend statewide. More moisture spreads into the eastern half of the state Tuesday, increasing storm chances along and east of the Rio Grande Valley by afternoon. Even deeper moisture arrives statewide by Wednesday and Thursday, fueling more widespread showers and thunderstorms through the middle of next week.
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