Business in brief, Sept. 18, 2018

September 19, 2018

Chamber of commerce to host Senior Lifestyles Expo

The Santa Fe Chamber of Commerce will host its inaugural Senior Lifestyles Expo on Oct. 18 at the DeVargas Center mall, 564 N. Guadalupe St.

The expo, from 9 a.m. to 3 p.m., will highlight businesses, nonprofits and organizations that serve Santa Fe’s senior population. Booths and sponsorships are available at www.santafechamber.com, by calling 505-988-3279 or by emailing bridget@santafechamber.com

Among the services the chamber is planning to address are housing, assisted living, education, mobility, health and fitness, wealth management, apparel, pharmaceuticals and more.

Chamber President Simon Brackley said seniors, families and caregivers are invited anddmission is free.

Utah group acquires Santa Fe hotel

The PEG Cos., a developer of hospitality properties and multifamily real estate projects, recently acquired the Residence Inn by Marriott in Santa Fe.

The new owners, a Provo, Utah-based private firm, purchased the property as part of an eight-hotel acquisition — seven Residence Inns and one Courtyard by Marriott — totaling 1,052 rooms in hotels in Sacramento, Calif.; St. Louis; Chicago; Tampa, Fla.; Mesa, Ariz.; and Charlotte, N.C.

The Santa Fe hotel, at 1698 Galisteo St., a 120-room property adjacent to Christus St. Vincent Regional Medical Center, previously was held by the Marriott Corp., according to Santa Fe County records. This is PEG’s entry into the Santa Fe area, said Jameson Haslam, a partner in the firm.

“We’re really excited about the Santa Fe market,” Haslam said Friday. “PEG has a reputation and history of really working closely with community leaders and local government leaders in enhancing the communities we’re invested in.”

The firm has interests in 40 hotel properties in the U.S. and Canada, including Hyatt and Hilton properties, but Marriott is the dominant franchise partner, he said.

Terms of the deal were not disclosed; Marriott corporate spokespeople did not return messages left Monday.

The Residence Inn brand is a market leader, Haslam said. Santa Fe is “unique, with a strong leisure component,” but the hotel location next to a hospital is also a plus.

“Extended-stay hotel concepts like Residence Inn or Hyatt House, they do really well next to a hospital,” he said.

Haslam said employees will keep their jobs, although management may change. The firm has one other property in New Mexico, a Marriott Springhill Suites in Gallup.

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