Company Starts International Operations Following Costa Rica Acquisition Soul Community Planet acquired the the Glendeven Inn & Lodge and Inn at the Cobbler’s Walk in Little River, California, to combine and rebrand as the SCP Mendocino Inn and Farm. The property’s accommodations include the lodge building, as well as 15 acres of farm pastures and organic gardens. (Soul Community Planet) LOS ANGELES — Soul Community Planet, a California-based operator of lodges and boutique hotels in picturesque destinations mostly on the West Coast, expanded its portfolio outside of the U.S. in 2022, but barely scratched the surface of its growth plans, SCP co-founder and CEO Ken Cruse said. “We would have liked to have done five or six more hotel acquisitions over the course of the year,” he said. “I think this year we’re moving into a window of opportunity for deals that makes sense for us, that we can fit into our portfolio nicely and advance the brand story.” The competition for hotel deals raised prices for properties in 2021 and the first half of 2022, slowing down the company’s intended deals pace, he said. Still, SCP entered the international hospitality market by acquiring the Casa Corcovado Jungle Lodge […]
SCP Hotels Poised To Take Advantage of ‘Window of Opportunity for Deals’
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