Exuma’s Historic Peace and Plenty Hotel Acquired Under New Partnership

10/26/17

Miami-based boutique hotel owner-operators, Jesper & Gustaf Arnoldsson of SMS Lodging, have partnered with long time Exuma real estate investors, Steve & Patrick Harrington and prominent Bahamian entrepreneur, Burton Rodgers, to acquire the historic Peace & Plenty Hotel on Great Exuma, The Bahamas. SMS Lodging will manage all aspects of operations, including sales, marketing and reservations.

Built in 1958 by Lawrence Lewis, the grandnephew of railroad tycoon Henry Flagler – the pioneer developer of much of Florida and the Florida Keys over a century ago – the Peace & Plenty is an historical icon of the Bahamian “Out Islands”. Together, the new owners will work to pay homage to the property’s history, while simultaneously revitalizing the hotel with a noticeable top-to-bottom refresh, including the addition of all of the modern conveniences that today’s travelers have come to expect. The property is slated to re-open in mid-December following the updates.

"Burton, Patrick, myself, and our families have been enjoying Peace and Plenty for over two decades and we are extremely honored to be taking over such an important and beloved property,” said Steve Harrington. “We recognize Peace and Plenty as the heart and soul of Exuma and plan to carry on the best of its traditions for many decades to come."

The boutique hotel features 35 waterfront rooms, a pool, restaurant, two bars, and dock along Elizabeth Harbour. Its central location in downtown Georgetown makes it the perfect launch pad for all that the Southern Bahamas has to offer - whether it’s swimming with the famous Exuma Pigs, snorkeling in the Thunderball Grotto or Dean’s Blue Hole, exploring the pristine beaches of Stocking Island just across Elizabeth Harbour, or simply sitting back in a lounge chair at the pool bar with a “Goombay Smash” in hand enjoying the natural beauty of the island.

“In addition to Peace & Plenty’s iconic status and central location, the destination itself is easy to get to with incredible airlift flying direct to Exuma from Toronto, Charlotte, Atlanta, Ft. Lauderdale and Miami,” said Jesper Arnoldsson, CEO of SMS Lodging.  “SMS has a strong presence and proven track record in South Florida and the Florida Keys, and we’ve been keen to expand our presence into the Caribbean - and the Bahamas was a natural stepping stone of growth for our company. We’re excited to be a part of this project.”

For more information, visit www.peaceandplenty.com or send an email to info@peaceandplenty.com

ABOUT SMS LODGING:

Founded in 2010 by brothers Jesper and Gustaf Arnoldsson, SMS Lodging specializes in independent, small-to mid-size boutique hotels in prime locations. The firm currently owns and operates 11 hotels with over 500 rooms in Key West and Miami. In 2015, the company was ranked #528 on the Inc. 5000 list as one of the fastest growing companies in the U.S., and more specifically named the 3rd fastest growing private company in the lodging and hospitality sector. SMS Lodging continues to seek out new opportunities within the lodging sector. For more information, visit www.smslodging.com.

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