GOCO Hospitality Acquires Glen Ivy Hot Springs

GOCO Hospitality Acquires Glen Ivy Hot Springs

GOCO Hospitality, a leading wellness hospitality development and management company, has acquired 85-acre Glen Ivy Hot Springs Resort (Corona, CA), which has been in operation for 155 years in the Temescal Valley of southern California. The company spent two years searching for the right opportunity to purchase a strategic wellness resort with the potential for expansion. “I am delighted with the acquisition of Glen Ivy Hot Springs and its addition to the growing GOCO Hospitality portfolio,” says Ingo Schweder, CEO of GOCO Hospitality. “We are excited to have arrived in southern California and feel that Glen Ivy and the associated development potential of the land fits perfectly with our wellness, hospitality, philosophy, and expansion strategy.”

The acquisition of the resort also includes a 20-acre hot springs and spa and an adjacent 65-acre plot surrounded by organic orchards, Santa Ana Mountains national preserve, and an adjacent golf course. Immediate investments in the property will be used to enhance the current hot springs spa and set the stage for future expansion, including offering evening access to the hot springs as well as overnight lodging. GOCO also has plans to expand with a 90-room GOCO Retreat with a comprehensive wellness center, medical spa, organic farm, retail village, hiking trails, additional hot springs bathing zones, yoga academy, wedding chapel, banquet and meeting rooms, an education center for holistic medicine, and 125 residential units. Says Schweder, “The growth of wellness retreats is supported by an increasing interest in wellness communities that combine accommodation along with residential offerings for wellness-conscious guests outside large urban centers.”

 

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