01 Dec 2015
Two Bunch Palms acquired by CCL Holdings
BY Jane Kitchen
The 75-year-old Two Bunch Palms resort in California, US, has been bought by California-based hospitality and real estate private investment company CCL Holdings for an undisclosed amount.
The new management company JRNL Two Bunch Palms, an affiliate of CCL Holdings, will be retaining the leadership team, with Kevin Kelly as chief executive officer, John Trudeau as managing director and Rianna Riego as executive director of brand and communication.
In the last two years, the iconic resort has undergone a renaissance of sorts, with a rebranding emphasising its healing waters, as well as a multi-million dollar renovation and the addition of a farm-to-table restaurant. This summer, the resort became carbon neutral with the addition of a 550 KW 3.5 acre solar farm.
“We’re very excited to share the vision that has been started by the previous owners and move forward with the next phase of expansion,” said Tim Chun, vice president of CCL.
Kelly said there are plans to build a world-class spa and wellness centre, a second hot mineral springs grotto and swimming pool, and additional hotel rooms, beginning in 2016.
“Two Bunch Palms is leading the industry as the first sustainable wellness resort of its kind in the country, and we are thrilled that CCL is committed to promoting sustainable wellbeing,” said Kelly.
The former owners of the resort, chaired by independent film producer Donald Kushner, will retain the undeveloped land surrounding the Two Bunch Palms.
The resort was recently named best ‘Corporate Brand Committed to Sustainability’ in the Green Spa Awards.
Close Window