- Associated Press - Monday, September 29, 2014

SANTA FE, N.M. (AP) - An historic hotel that’s a landmark in downtown Santa Fe is being sold.

The nearly 92-year-old La Fonda on the Plaza is being purchased by sister and brother Jennifer Kimball and Philip Wise.

They’re buying it from the current owners, most of whom are members of the Ballen family.

Financial terms were not disclosed in the sale announcement Monday.

Kimball is a Santa Fe resident and Ballen family friend who already is a part owner of the property and chairman of the board of the company selling the hotel.

Kimball says the new owners don’t plan major changes to the hotel. She says it’s not broken and doesn’t need to be fixed.

The hotel’s restaurant and 180 guest rooms have undergone renovations in recent years.

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