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Historic La Posada De Santa Fe Hotel Sold for $58 Million
New local owners plan renovations while preserving the hotel's New Mexican charm
Apr. 12, 2026 at 3:04pm
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A new era for an iconic Santa Fe hotel, as local owners invest in preserving its historic charm while modernizing the guest experience.Santa Fe TodayThe historic La Posada De Santa Fe hotel in Santa Fe, New Mexico has been sold for $58 million to Abo Empire, a family-owned oil and gas company based in the state. The new owners, cousins Ryan Price and Trey Yates, plan to renovate the 157-room hotel while maintaining its traditional New Mexican style and spirit that has made it a local landmark since the 1930s.
Why it matters
The sale of this iconic Santa Fe hotel represents a shift in local ownership, as the new buyers have deep personal ties to the property and a commitment to preserving its historic character. As Santa Fe continues to evolve, this transaction highlights the importance of maintaining the city's unique cultural heritage in the face of development and change.
The details
Abo Empire, a family-owned oil and gas company, purchased the La Posada De Santa Fe hotel last month from previous owner Ashford Hospitality. Cousins Ryan Price and Trey Yates, who run Abo Empire, say the hotel has always held a special place in their hearts, as their families would stay there during vacations growing up. Price even met his wife in the hotel lobby. The new owners plan to invest in renovations over the next three years to upgrade the property, while still preserving the hotel's traditional New Mexican charm and keeping it open for most of the renovation process.
- La Posada De Santa Fe hotel has been operating as a hotel since the 1930s.
- Ashford Hospitality purchased the hotel in 2018.
- Abo Empire acquired the hotel from Ashford Hospitality last month.
The players
La Posada De Santa Fe
A historic 157-room hotel in Santa Fe, New Mexico that has been operating since the 1930s.
Abo Empire
A family-owned oil and gas company based in New Mexico that recently purchased the La Posada De Santa Fe hotel.
Ryan Price
One of the cousins who runs Abo Empire and has personal ties to the La Posada De Santa Fe hotel.
Trey Yates
One of the cousins who runs Abo Empire and has personal ties to the La Posada De Santa Fe hotel.
Ashford Hospitality
The previous owner of the La Posada De Santa Fe hotel, which they purchased in 2018.
What they’re saying
“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.”
— Ryan Price, Co-owner, Abo Empire
“It's always held a strong place in our hearts.”
— Ryan Price, Co-owner, Abo Empire
“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.”
— Trey Yates, Co-owner, Abo Empire
“We're gonna look at keeping the same type of New Mexican charm as well as bringing some things up to date.”
— Trey Yates, Co-owner, Abo Empire
What’s next
Abo Empire plans to begin major renovations on the La Posada De Santa Fe hotel in the coming years, with the goal of keeping the hotel open for most of the construction process. The new owners say they are committed to preserving the hotel's historic New Mexican charm while also modernizing certain aspects of the property.
The takeaway
The sale of the iconic La Posada De Santa Fe hotel to local owners with deep personal connections to the property represents an effort to balance progress and preservation in Santa Fe. As the city continues to evolve, this transaction highlights the importance of maintaining the unique cultural heritage that makes Santa Fe such a special destination.
