News for the Hospitality Executive
FOR SALE: Vista Clara Ranch Spa Resort Near Santa Fe, New Mexico
DALLAS, TEXAS, August 4, 2011 – Colliers International Hotels, in association with North Coast Realty Services and Scoggin-Blue & Associates, Inc, has been chosen exclusively to bring to the market Vista Clara Ranch Spa Resort, just outside of Santa Fe, New Mexico.
Vista Clara Ranch Spa Resort is 20 minutes southeast of Santa Fe in the Galisteo Basin. The spa resort sits on 138.5 acres and includes 34,000 SF of amenity buildings. Approvals, entitlements and water rights have been secured for an expansion adding up to 26 casitas, totaling 104 guest rooms. The resort is currently closed, pending acquisition and reopening or further redevelopment.
Property is currently being utilized as a movie and television set and for private events. Current owner spent 7 years and over $2M for complete expansion development plans and development and water rights approvals.“This is a great opportunity for an investor to acquire and expand a well-known spa resort in Santa Fe and the property is suitable for many potential uses including: spa, resort, rehab or wellness center, retreat, equestrian center or private estate(s),” says Hank Wolpert, Managing Director of Colliers International Hotels Group.
“Santa Fe is a very high barrier to entry market and extensive development work over several years resulted in the procurement of valuable development entitlements and water rights,” adds Tom Greenfield with North Coast Realty Services.
The Vista Clara Ranch Spa Resort was the featured resort in multiple magazine articles and was also the focus of its own segment as “One of the World’s Greatest Spas” by the Travel Channel. The property was awarded many accolades, such one of the “Top Four Spas in the World” by LUNA magazine and as one of the “Top 10 U.S. Spa” by Celebrated Living Magazine. Popular magazines such as SPA, Elle, Brides, Healing Lifestyles & Spas, Spa Finder and Sunset have spotlighted the resort. This award-winning facility also received exceptional exposure on the Oprah Winfrey show after she hosted a staff retreat at the resort.
Additional information about the property may be found at: http://www.pkfc.com/en/pkfcapital/announcements/flyers/Vista_Clara_Flyer.pdf
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world. Find out more at www.colliers.com/dallas.
Managing Director, Colliers International Hotels
LEED AP/CPM, North Coast Realty Services
Scoggin-Blue & Associates, Inc.