…
The Hotel Group (THG) has recently acquired the Holiday Inn Santa Fe, New Mexico, located at 4048 Cerrillos Road. As owner and operator, THG is planning a transformational renovation for the property’s 130 guestrooms, lobby, Mimosa’s Restaurant, Desert Moon Bar & Grill, and 3,446 square feet of meeting space. The Holiday Inn Santa Fe is one of two branded full-service hotels in the local market, and is located proximate to the Historic Plaza, Interstate 25, Santa Fe Municipal Airport, Santa Fe Place Mall, and other local demand generators. Closing on the property was completed on Dec. 7th.
The Holiday Inn Santa Fe is the 26th owned and/or managed property in the THG portfolio, which is presently comprised of 12 brands in 10 states. THG has managed more than 100 properties in 20 states, and directed the design and construction of more than 30 new lodging properties. The Holiday Inn Santa Fe is the tenth IHG-branded hotel managed by THG, with three Crowne Plaza and seven Holiday Inn Express hotels already in its portfolio.
"THG is pleased to add the Holiday Inn Santa Fe to our growing list of managed InterContinental Hotels Group properties," said Douglas Dreher, THG CEO. "The local market is primed for a refreshed, quality full-service hotel. As the capital city of New Mexico, the city has a unique and rich history, culture, and heritage, consistently ranking as one of the nation’s most popular places to visit due to its array of visual, performing, and culinary arts.
"We believe our planned renovation will firmly establish the Holiday Inn Santa Fe as the full-service hotel of choice for both business and leisure travelers," he said. "We are extremely proud of our real estate team and best-in-class operations team, which was on location and operating the day of the transition. We are also pleased to announce the Holiday Inn Santa Fe represents THG’s 106th managed hotel in the last 26 years and is the first property purchased by our Hotel Group Opportunity Fund IV."
New Mexico is not unfamiliar to THG; the company has enjoyed success previously managing and repositioning properties throughout the state.
Location, Location, Location The four-story Holiday Inn Santa Fe is conveniently located minutes from the Canyon Road art galleries, world class spas, Georgia O’Keefe Museum, Santa Fe Opera, tribal casinos, and Santa Fe’s myriad renowned dining options. Additionally, nature observation, white-water rafting, hiking, biking, fishing, and skiing are all within a short drive of the hotel.
Guestroom amenities include pillow-top mattress, work desks, fridge/microwave combo units, and complimentary Wi-Fi. Most rooms feature a walk-out patio or balcony. In addition to the flexible complement of meeting space, facility amenities include a full-service business center, indoor/outdoor heated pool, Jacuzzi, dry sauna, and fitness center.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
