23-25 Apr 2024
Phoenix Convention Center,
Phoenix,
United States
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28-30 Apr 2024
Radisson Blu Hotel,
Glasgow,
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08-08 May 2024
Hotel Melià ,
Milano ,
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10-12 May 2024
China Import & Export Fair Complex,
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13-16 May 2024
Conrad Chia Laguna Sardinia ,
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14 May 2024
JPMorgan Chase Headquarters,
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18-22 May 2024
The Ravenala Attitude Hotel,
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23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais),
Wiesbaden,
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CI Capital takes a stake in WTS International – Steven Rudnitsky named as vice chair |
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By Tom Walker 14 Nov 2019 |
Rudnitsky has been tasked with assisting WTS with its expansion plans
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Private equity firm CI Capital Partners has acquired a majority interest in spa consultancy and management firm WTS International.
The deal – for which no financials were released – will see the WTS management team retaining significant equity ownership in the company. The team will also continue to lead the company.
"We have achieved remarkable growth and maintained our leadership position in the spa, lifestyle, fitness, and wellness services industries," said WTS founder and CEO Gary Henkin.
"I am very proud of all that we have accomplished and am excited to continue the company's growth trajectory through this partnership with CI Capital."
Shortly after the deal was confirmed, WTS named Steven A. Rudnitsky as vice chair of its board of directors.
An industry veteran, Rudnitsky most recently served as president and CEO of Miraval Group, where he oversaw the sale of Miraval to Hyatt Hotels Corporation. He has also held executive roles at Wyndham and Dolce and was a board member of ESPA International.
Rudnitsky has been tasked with assisting Henkin in executing WTS's expansion plans, which include pursuing "strategic add-on acquisitions".
"Steve's successful career in leading elite hospitality brands through periods of growth and transformation and in helping to build major consumer brands will be a tremendous asset to WTS as we enter this new, exciting stage of the company's history," Henkin added.
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News |
1 to 12 of 8704 news stories |
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25 Apr 2024
Kerzner International has signed deals to operate two new Siro recovery hotels in Mexico and Saudi Arabia, following the launch of the inaugural Siro property in Dubai this February. Designed to offer guests a holistic ... More
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24 Apr 2024
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022. This data stems from ... More
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24 Apr 2024
Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new research. Researchers found that even a simple daily reminder encouraged people to move ... More
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24 Apr 2024
Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant Hudson Valley and founded in 1869, Mohonk is a historic Victorian ... More
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23 Apr 2024
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection. Situated in the historic Higashiyama district, the 81-key hotel is ... More
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23 Apr 2024
The UAE’s first-ever Dior Spa has officially launched at The Lana, Dubai – the Dorchester Collection’s debut property in the Middle East. Bathed in natural daylight on the hotel’s 29th floor, Dior Spa The Lana ... More
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22 Apr 2024
The Sacred River Spa at Four Seasons Resort Bali at Sayan will reopen later this year with an all-new design plus enhanced treatments and experiences inspired by its river valley home. Nestled amid rich tropical ... More
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18 Apr 2024
The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing it at US$1.8 trillion. According to the organisation's recent report – called The Global Wellness Economy: United States – the ... More
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19 Apr 2024
UK sauna enthusiasts will converge at Galgorm Resort in Northern Ireland next week for the highly anticipated second annual UK Aufguss Championships. Hosted from 22-24, the event will see competitors from across the UK showcasing ... More
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17 Apr 2024
Remedy Place, a US-based social wellness club brand, is poised for steady expansion in the coming years, with plans to open two new clubs annually moving forward Remedy Place is the brainchild of Dr Jonathan ... More
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16 Apr 2024
Swiss longevity brand Clinique La Prairie (CLP) has inked a deal with Montara Hospitality Group to operate a resort at Tri Vananda – a purpose-built wellness community in Phuket, Thailand. Tri Vananda, envisioned as a ... More
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15 Apr 2024
Six Senses has announced the grand opening of its first-ever property and spa in the Caribbean, called Six Senses La Sagesse. With a picturesque beachfront setting and surrounded by verdant hills, Six Senses La Sagesse ... More
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