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Stock impact report

Santa Fe resort La Posada sold to Artesia-based company for $58 million [Yahoo! Finance]

Ashford Hospitality Trust Inc (AHT) 
Last ashford hospitality trust inc earnings: 2/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ahtreit.com
Company Research Source: Yahoo! Finance
The $58 million sale of La Posada de Santa Fe was announced in a Thursday news release issued on behalf of Hunter Advisors, the hotel-only brokerage firm that handled the transaction. The property has been sold by Ashford Hospitality Trust to the Artesia-based Abo Sada LLC. Abo Sada is owned by the Yates family, whose members include small-town newspaper owner and former state Republican Chair Harvey Yates Jr. The 6-acre property at 330 E. Palace Ave. traces its origins to the late 1800s. The village-style resort features 157 rooms and suites, along with two restaurants, two bars, a full-service spa and about 7,700 square feet of meeting space, according to the news release. Officials from Abo Sada did not return phone messages from The New Mexican on Thursday seeking information about plans for the property. Kammi Burnette, senior vice president of Hunter Advisors who helped broker the deal, said in a statement the transaction was noteworthy for a variety of reasons. “This o Show less Read more
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