NEWS
Breaking: Hyatt acquires Miraval
POSTED 18 Jan 2017 . BY Jane Kitchen
This transaction will unlock Miraval’s full potential by joining us with one of the foremost global hospitality companies fully committed to wellness
– Steven Rudnitsky, president and CEO of Miraval Group
In a move that illustrates the explosive growth of wellness tourism, Hyatt Hotels has acquired wellness resort provider Miraval Group for US$215m (€201m, £175m) from an affiliate of KSL Capital Partners.

"Miraval will spearhead a stand-alone wellness category within Hyatt’s portfolio of brands, and as a best-in-class brand in the wellness space, will apply its expertise to Hyatt’s portfolio," Mark Hoplamazian, president and CEO of Hyatt Hotels Corporation told Spa Opportunities.

The deal includes Miraval’s flagship property in Tucson, Arizona, as well as the Miraval Life in Balance Spa brand; Hyatt will also continue Miraval’s plans to redevelop the recently acquired 220-acre Travaasa Resort in Austin, Texas and pursue the acquisition and redevelopment of the 380-acre Cranwell Spa & Golf Resort in Lenox, Massachusetts, with plans to invest a further US$160m (€150m, £130m) over the next two to three years on those projects and an expansion of Miraval Tucson.

“The Miraval acquisition reflects our commitment to super serving the high-end traveller and finding new ways to understand and care for them,” said Hoplamazian. “We know that wellness is an area that is becoming increasingly important to our guests and we share Miraval’s belief that wellness is more than fitness and nutrition – it’s a lifestyle.

"Adding Miraval to the Hyatt family creates a great opportunity to advance the Miraval brand expansion while building a greater depth of expertise in wellness and mindfulness.”

Steven Rudnitsky, president and CEO of Miraval Group, will continue to drive the brand’s strategy, reporting to Hoplamazian and working with the existing Miraval leadership team and associates.

“This transaction will unlock Miraval’s full potential by joining us with one of the foremost global hospitality companies fully committed to wellness,” said Rudnitsky.

Rudnitsky had previously said he expected to see up to seven Miraval resorts developed in the next five years; Hoplamazian said he also sees opportunities to continue the brand expansion through additional resorts.

But Hoplamazian said importantly, the acquisition also extends the Hyatt brand into adjacent spaces beyond traditional hotel stays, which is core to the company’s global growth strategy.

“We recognise the business opportunity within the US$420bn wellness-tourism category and understand the rising demand for wellness offerings among our targeted high-end travellers,” he said.
Hyatt will continue Miraval’s plans to redevelop the recently acquired 220-acre Travaasa Resort in Austin, Texas Credit: Miraval
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Spa Opportunities: - Breaking: Hyatt acquires Miraval...
Sign up for FREE ezine
Spa Jobs spa Industry News spa training spa oppportunities magazine spa opportunities blog spa-kit.net spa industry products Submit your news Advertise on Spa Opportunities Contact us at Leisure Media Follow us on Twitter Like us on Facebook

Jobs Search





joblink

Latest operator jobs
Celtic Manor Resort
Sofitel London Heathrow
To advertise call
+44 (0)1462 431385


traininglink

  Training Directory
Train as a Les Mills Instructor
To advertise call
+44 (0)1462 431385


diarydates

  Powered by leisurediary.com
24-26 Sep 2018
ISPA Conference and Expo 2018
Phoenix Convention Center, Phoenix, United States
25-26 Sep 2018
International Wellness Conclave (IWC2018)
Radisson Blu Plaza Delhi Airport, Delhi, India

spa-kit
suppliers news


Elemental Herbology launches new Coconut Shell Cream Body Scrub Treatment

Elemental Herbology is delighted to announce a new, full-body exfoliating treatment designed to gently buff and polish, for healthy, glowing skin.

beauty-kit


Laurie Nicoll Nord and Julio Lamberty partner to launch new skincare company
Veteran skincare professionals Julio Lamberty and Laurie Nicoll Nord have joined forces to launch Luxury Wellness International, a new skincare company that aims to create 'clean' results-driven, professional skincare.


 
latest spa jobs
1 to 2 of 2 Jobs
Senior Spa Therapist
The Bulgari Hotel London
Salary: Competitive Salary & Benefits
Job location: London, UK More>>
 


Spa Therapist
The Langley Spa
Salary: Circa £20,000 plus benefits scheme
Job location: Buckinghamshire, UK More>>
 


Spa Receptionist
Sofitel London Heathrow
Salary: Competitive Salary & Benefits
Job location: Longford, UK More>>
 


Spa Therapist

GLL

Salary: Up to £19,707 per annum
Job location:
Old Street, East London More>>
Spa Therapist

GLL

Salary: £19,707 per annum
Job location:
Bethnal Green, East London More>>

Spa Manager
Center Parcs Ireland
Salary: Circa €46,800 per annum plus 13% bonus
Job location: Ballymahon, County Longford, Ireland More>>
 


Casual Spa Therapist
Sofitel London Heathrow
Salary: Competitive Salary & Benefits
Job location: Longford, UK More>>
 


Spa Therapist
Celtic Manor Resort
Salary: Competitive
Job location: Newport, United Kingdom More>>
 


Jobs page: 1


 
latest spa news

18 Jan 2017

Breaking: Hyatt acquires Miraval

BY Jane Kitchen

Steven Rudnitsky, president and CEO of Miraval Group, will continue to drive the brand’s strategy

In a move that illustrates the explosive growth of wellness tourism, Hyatt Hotels has acquired wellness resort provider Miraval Group for US$215m (€201m, £175m) from an affiliate of KSL Capital Partners.


"Miraval will spearhead a stand-alone wellness category within Hyatt’s portfolio of brands, and as a best-in-class brand in the wellness space, will apply its expertise to Hyatt’s portfolio," Mark Hoplamazian, president and CEO of Hyatt Hotels Corporation told Spa Opportunities.

The deal includes Miraval’s flagship property in Tucson, Arizona, as well as the Miraval Life in Balance Spa brand; Hyatt will also continue Miraval’s plans to redevelop the recently acquired 220-acre Travaasa Resort in Austin, Texas and pursue the acquisition and redevelopment of the 380-acre Cranwell Spa & Golf Resort in Lenox, Massachusetts, with plans to invest a further US$160m (€150m, £130m) over the next two to three years on those projects and an expansion of Miraval Tucson.

“The Miraval acquisition reflects our commitment to super serving the high-end traveller and finding new ways to understand and care for them,” said Hoplamazian. “We know that wellness is an area that is becoming increasingly important to our guests and we share Miraval’s belief that wellness is more than fitness and nutrition – it’s a lifestyle.

"Adding Miraval to the Hyatt family creates a great opportunity to advance the Miraval brand expansion while building a greater depth of expertise in wellness and mindfulness.”

Steven Rudnitsky, president and CEO of Miraval Group, will continue to drive the brand’s strategy, reporting to Hoplamazian and working with the existing Miraval leadership team and associates.

“This transaction will unlock Miraval’s full potential by joining us with one of the foremost global hospitality companies fully committed to wellness,” said Rudnitsky.

Rudnitsky had previously said he expected to see up to seven Miraval resorts developed in the next five years; Hoplamazian said he also sees opportunities to continue the brand expansion through additional resorts.

But Hoplamazian said importantly, the acquisition also extends the Hyatt brand into adjacent spaces beyond traditional hotel stays, which is core to the company’s global growth strategy.

“We recognise the business opportunity within the US$420bn wellness-tourism category and understand the rising demand for wellness offerings among our targeted high-end travellers,” he said.



Connect with
Spa Opportunities
Magazine:
View latest issue
Sign up:
Instant Alerts/zines

Print edition
 

Six Senses Krabey Island to include expansive spa with meditation cave
Dr Marilyn Glenville to lead two-day wellness retreat at Gaia Spa at Boringdon Hall
Massive Turkish wellness project includes three hotels, thermal baths, residences
Multi-million pound investment transforms St Michaels Falmouth into luxury resort
Jenna Laramee joins WTS International
Laurie Nicoll Nord and Julio Lamberty partner to launch new skincare company
 
Catalogue gallery



Featured supplier




Invest in your employees – and your company – with FH Joanneum’s MBA in spa management

The FH Joanneum University of Applied Sciences offers a unique MBA programme in International Hospitality and Spa Management, and for the first time, is offering substantial financial grants for students who begin the course this year.


Company profile



Amac offer fully-accredited training courses which are recognised nationally by employers. Fitness education is our area of expertise and the quality of our teaching remains unrivalled by any other provider.
View full profile>>

spa directory

Consultancy & management

Skincare

Consultancy & management

Skincare

Spa and beauty equipment

Accessories

Spa training

Design and installation

Skincare

Architects/designers



Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd