The luxury boutique resort The Hermosa Inn and its award-winning restaurant, LON’s at the Hermosa, was sold on May 6 to Allred Capital LLLP.
The partnership, led by Ronald Allred and his son Mike Allred, has been developing land, real estate and hospitality related ventures since the 1970s, including building the town of Avon near Vail, Colo., and developing the Telluride Ski Resort and the Telluride Mountain Village. The partnership also owns Rancho Mañana Golf Club in Cave Creek, is the lead investor and operator of Tubac Golf Resort & Spa in Tubac, and has now added The Hermosa Inn to its historically oriented, hospitality portfolio.
Formerly owned by Fred and Jennifer Unger of Hermosa Legacy Partners, who restored and reopened the property in 1994, it has since undergone a $2 million rooms remodel and property enhancement in 2009 and in keeping with the property’s artistic roots, added a $2 million art installment in partnership with Figarelli Fine Art in 2012.
“We look forward to continuing the legacy Lon Megargee began here in the 1930s and which the Ungers have expanded upon for the past two decades,” Allred said. “The Hermosa Inn is an iconic property that we hope to make even better and look forward to being a part of its wonderful place in Arizona’s history.”
For more information call 800-241-1210 or visit www.HermosaInn.com.