Santa Fe's Eldorado Hotel & Spa to be sold to Heritage Hotels and Resorts

The Eldorado Hotel & Spa, Santa Fe’s largest hotel, which was originally developed by the late Manhattan real estate scion Bill Zeckendorf Jr., is under contract to be sold to Heritage Hotels and Resorts, a New Mexico-based company that prides itself on owning properties that promote local culture and history.

Based in Albuquerque, Heritage Hotels and Resorts opened Hotel Albuquerque, originally called Sheraton Uptown, in 2005. It has since taken over The Lodge at Santa Fe, formerly the Radisson, as well as Hotel Chimayó and Hotel St. Francis, both near the Santa Fe Plaza.

The Eldorado is currently owned by a partnership led by the Guardian Life Insurance Co. At one time, Zeckendorf had 10 percent ownership, along with his former partners, the Horwitch family, but the equity was sold to Guardian several years ago, according to The New Mexican archives.

Virtual Event


Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

Suggested Articles

The company's main markets are still substantially affected by the measures rolled out to combat the COVID-19 health crisis.

Revenue per available room and occupancy increased over Q2, but uncertainty around the industry’s recovery remains.

The integration aims to provide hoteliers with seamless and complete visibility over group, catering and event sales performance activity.