ABOUT ZYDECO

Yates Drilling Company is a closely held family corporation that is over forty years old with headquarters in Artesia, New Mexico. Though the company has participated in real estate since its founding, a concerted effort began fifteen years ago to diversify its asset base. To oversee the asset reallocation a property management and real estate development division entitled Zydeco was formed and based in Santa Fe, New Mexico.

Zydeco is headed by Richard Yates, a licensed architect with over thirty years in the construction industry. He has a broad range of experience including the development and construction of private residences, hotels, medical facilities, multifamily projects, offices, and retail stores. Mr. Yates has designed most of the Zydeco projects. This integrated approach to development allows Zydeco to quickly assess the intrinsic value of a property and rate its potential for highest and best use.

While the majority of Zydeco real estate properties are owned outright with no debt financing, some are developed in partnership. Of particular note is the Hotel Santa Fe located in Santa Fe, New Mexico. In the early 80’s, Mr. Yates began assembling seventy five percent of a city block in Santa Fe. In 1990, a partnership was formed with the Picuris Native American Tribe and several prominent Santa Fe businessmen to build the hotel. The partnership was able to use Bureau of Indian Affairs financing vehicles to build the first hotel off Indian land that had majority Native American ownership. The hotel was so successful that it was expanded in 2000 through Mr. Yates efforts.

Another partnership developed the Fechin Inn located in Taos, New Mexico. The family of the noted artist, Nicholi Fechin, wanted to retain his home and adjoining acreage in Taos and honor his legacy. Zydeco was asked to develop the property as a boutique hotel. The project was complicated by the historical nature of the existing house and site and that the city required water rights to be transferred to the city prior to construction. The Fechin Inn has successfully operated for over ten years.

In Albuquerque, Zydeco owns and manages a multi-story office building purchased from the government in the aftermath of a Savings and Loan collapse. This property carries an AAA-rated industrial revenue bond. This rating was obtained through a letter of credit issued by Yates Drilling Company to cover the full amount of the debt.

In Fall of 2007, Zydeco will break ground on The Orchard on the Alameda in the North Valley in Albuquerque. This mixed-use project required the support of five adjacent residential neighbors. The Planning Commission approved the final concept in June 2005, and stated that the Orchard should be used as a model for future mixed-use developments in the county.

Zydeco has used a breadth of experience, integrated development skills and financial strength to become a leading real estate developer in the Southwest.






	ABOUT ZYDECO Yates Drilling Company is a closely held family corporation that is over forty years old with headquarters in Artesia, New Mexico. Though the company has participated in real estate since its founding, a concerted effort began fifteen years ago to diversify its asset base. To oversee the asset reallocation a property management and real estate development division entitled Zydeco was formed and based in Santa Fe, New Mexico. Zydeco is headed by Richard Yates, a licensed architect with over thirty years in the construction industry. He has a broad range of experience including the development and construction of private residences, hotels, medical facilities, multifamily projects, offices, and retail stores. Mr. Yates has designed most of the Zydeco projects. This integrated approach to development allows Zydeco to quickly assess the intrinsic value of a property and rate its potential for highest and best use. While the majority of Zydeco real estate properties are owned outright with no debt financing, some are developed in partnership. Of particular note is the Hotel Santa Fe located in Santa Fe, New Mexico. In the early 80’s, Mr. Yates began assembling seventy five percent of a city block in Santa Fe. In 1990, a partnership was formed with the Picuris Native American Tribe and several prominent Santa Fe businessmen to build the hotel. The partnership was able to use Bureau of Indian Affairs financing vehicles to build the first hotel off Indian land that had majority Native American ownership. The hotel was so successful that it was expanded in 2000 through Mr. Yates efforts. Another partnership developed the Fechin Inn located in Taos, New Mexico. The family of the noted artist, Nicholi Fechin, wanted to retain his home and adjoining acreage in Taos and honor his legacy. Zydeco was asked to develop the property as a boutique hotel. The project was complicated by the historical nature of the existing house and site and that the city required water rights to be transferred to the city prior to construction. The Fechin Inn has successfully operated for over ten years. In Albuquerque, Zydeco owns and manages a multi-story office building purchased from the government in the aftermath of a Savings and Loan collapse. This property carries an AAA-rated industrial revenue bond. This rating was obtained through a letter of credit issued by Yates Drilling Company to cover the full amount of the debt. In Fall of 2007, Zydeco will break ground on The Orchard on the Alameda in the North Valley in Albuquerque. This mixed-use project required the support of five adjacent residential neighbors. The Planning Commission approved the final concept in June 2005, and stated that the Orchard should be used as a model for future mixed-use developments in the county. Zydeco has used a breadth of experience, integrated development skills and financial strength to become a leading real estate developer in the Southwest.
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