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
 


CONTACT US

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

©Cybertrek 2019

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
Strip Wax Bar & Boutique
Urban Retreat
To advertise call
+44 (0)1462 431385


diarydates

  Powered by leisurediary.com
19-23 Sep 2019
CIDESCO World Congress & Exhibition
Hyatt Regency, Chicago, United States
20-27 Sep 2019
Therapeutic City
Various, Bath, United Kingdom

spa-kit
suppliers news


Babor partners with Canyon Ranch at Sea to create ultimate spa experience

Results-driven skincare brand Babor has announced an exclusive partnership with Canyon Ranch at Sea with Celebrity Cruises.

beauty-kit


Book4Time puts the focus back on the guests
In a competitive spa market, guest experience will make or break your business.


 
latest spa jobs
Spa Sales and Reservationist
The Bulgari Hotel London
Salary: Competitive Salary & Benefits
Job location: London, UK More>>
 


Head of Sales
VOYA Products Ltd
Salary: Competitive
Job location: United Kingdom More>>
 


Spa Therapist
The Bulgari Hotel London
Salary: Competitive Salary & Benefits
Job location: London, UK More>>
 


Spa Therapist

GLL

Salary: Up to £22,008 per annum (Pro rata 40 hrs per week)
Job location:
Bethnal Green, London, UK More>>
Salon Manager

Strip Wax Bar & Boutique

Salary: Competitive
Job location:
London, UK More>>
Spa Therapist

GLL

Salary: Up to £11.83 per hour (including annual leave)
Job location:
Walthamstow, London, UK More>>
Spa Therapists

L'Horizon Beach Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Jersey More>>
Spa Therapists

Norton House Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Ingliston, Edinburgh, UK More>>
Spa Therapist

Nutfield Priory Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Redhill, Surrey, UK More>>
Spa Therapists

Rhinefield House Hotel

Salary: Competitive salary plus benefits
Job location:
Brockenhurst, Hampshire, UK More>>
Spa Therapists

Rookery Hall Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Nantwich, UK More>>
Spa Therapists

St Pierre Park Hotel and Golf Resort

Salary: Competitive salary plus benefits
Job location:
Guernsey More>>
Spa Therapists

Wood Hall Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Wetherby, West Yorkshire, UK More>>
Spa Therapists

Rookery Hall Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Nantwich, UK More>>
Spa Therapists

Rhinefield House Hotel

Salary: Competitive salary plus benefits
Job location:
Brockenhurst, Hampshire, UK More>>
Spa Therapists

Nutfield Priory Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Redhill, Surrey, UK More>>
Spa Therapists

Norton House Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Ingliston, Edinburgh, UK More>>
Spa Therapists

New Hall Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Sutton Coldfield, UK More>>
Spa Therapists

Grand Jersey Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
St Helier, Jersey More>>
Spa Therapists

Brandshatch Place Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Fawsley, Daventry, UK More>>
Spa Therapists

Brandshatch Place Hotel and Spa

Salary: Competitive salary plus benefits
Job location:
Fawkham, UK 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
 

New Vegas hotel to focus on wellness with 70,000sq ft facility
Resense and Lobster Ink create online training for all spa roles
Mayo Clinic study unlocks new anti-ageing science
Details revealed for Canyon Ranch’s upcoming retreat in the Redwoods
Hastings Hotels appoints Niamh Rice as spa manager at the Culloden Estate
W Hotels Debuts in Oman
 
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

Architects/designers

Spa software

Salt therapy products

Spa design & concept

Accessories

Spa and beauty equipment

Spa software

Spa and beauty equipment

Skincare

Hydrotherapy / spa fragrances

Skincare



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