{"id":1004105023,"date":"2014-10-03T13:16:48","date_gmt":"2014-10-03T21:16:48","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=296221"},"modified":"2020-05-12T23:38:21","modified_gmt":"2020-05-13T07:38:21","slug":"historic-la-fonda-on-the-plaza-hotel-changes-ownership","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/historic-la-fonda-on-the-plaza-hotel-changes-ownership\/","title":{"rendered":"Historic La Fonda On the Plaza Hotel Changes Ownership"},"content":{"rendered":"<p style=\"text-align: justify;\">By Anca Gagiuc, Associate Editor<\/p>\n<p style=\"text-align: justify;\">One of the historic and iconic centerpiece buildings of Santa Fe is changing owners. La Fonda on the Plaza, the 85-year old hotel, will belong in a few weeks to longtime family friends of the Ballen family, the current owners.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/La-Fonda-Santa-Fe.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-296222\" title=\"La Fonda Santa Fe\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/La-Fonda-Santa-Fe.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a>Jennifer Kimball and her brother, Philip Wise, were already on the corporation\u2019s board. Kimball acted as the hotel\u2019s board chairman; Wise is a principal of Cienda Partners, a Dallas-based company that is looking into the acquisition. The new ownership group is called La Fonda LLC. Details about the transaction have not been disclosed.<\/p>\n<p style=\"text-align: justify;\">\u201cWe\u2019re honored that the Ballens have put their faith and trust in us and we\u2019re excited and honored to be entrusted with such an historic property that means so much to so many people,\u201d said Kimball.<\/p>\n<p style=\"text-align: justify;\">Lois Ballen, La Fonda\u2019s board president, said in a news release: \u201cWe are pleased that Jenny and Philip will continue the tradition of family ownership and take the reins of ownership of our much-loved La Fonda.<\/p>\n<p style=\"text-align: justify;\">La Fonda was built in 1929; formerly a Harvey House hotel, it became a Ballens property in 1968. During the Ballens ownership, the hotel received a new roof over the interior patio, a new parking garage, and the Lumpkins Ballroom and the banquet room La Terraza. In 2008 the La Plazuela restaurant received a facelift, and in 2013 the most comprehensive renovation since 1920 was finalized, which included new room furnishings and improvements to the pool and Bell Tower areas. In 2013, the hotel received the American Automobile Association\u2019s Four Diamond Lodging rating.<\/p>\n<p style=\"text-align: justify;\">La Fonda offers 180 guestrooms, including 15 luxury rooms and is a popular place for conferences and weddings. The hotel is a member of Historic Hotels of America and the National Trust for Historic Preservation.<\/p>\n<p style=\"text-align: justify;\">\u201cWe are confident that Jenny and Philip\u2019s business expertise, commitment to La Fonda\u2019s employees, service excellence, and dedication to an authentic and unique experience, and most importantly, their heartfelt love for La Fonda and Santa Fe will continue to deliver wonderful results for our guests, employees and our city,\u201d stated Lois Ballen.<\/p>\n<p style=\"text-align: justify;\"><em>Photo courtesy of <a href=\"https:\/\/www.lafondasantafe.com\/\" rel=\"nofollow\">La Fonda On the Plaza<\/a>.<\/em><\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>One of the historic and iconic centerpiece buildings of Santa Fe is changing owners. La Fonda on the Plaza, the 85-year old hotel, will belong in a few weeks to longtime family friends of the Ballen family, the current owners.<\/p>\n","protected":false},"author":237,"featured_media":1004506991,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1577,21742],"tags":[],"class_list":["post-1004105023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-albuquerque","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Historic La Fonda On the Plaza Hotel Changes Ownership - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/historic-la-fonda-on-the-plaza-hotel-changes-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Historic La Fonda On the Plaza Hotel Changes Ownership\" \/>\n<meta property=\"og:description\" content=\"One of the historic and iconic centerpiece buildings of Santa Fe is changing owners. 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