01-04 Jun 2023
Rimini Exhibition Center,
Rimini,
Italy
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11-14 Jun 2023
Le Meridien Lav,
Split,
Croatia
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12-15 Jun 2023
Raffles City Convention Centre,
Singapore
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02-04 Jul 2023
Cotswolds Water Park Hotel ,
South Cerney,
United Kingdom
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11-12 Sep 2023
The Hyatt Regency in Indianapolis, IN. ,
Lake Buena Vista,
United States
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01-02 Oct 2023
Olympia Exhibition Centre,
London,
United Kingdom
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24-26 Oct 2023
IMPACT Exhibition Centre,
Thailand
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24-27 Oct 2023
Palmaïa, The House of Aia,
Playacar, Playa del Carmen,
Mexico
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Olympus Real Estate to restore Murrieta Hot Springs to former glory following US$50m investment |
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By Megan Whitby 19 Oct 2022 |
The property is due to reopen in 2024, following an 18-month refurb project Credit: Murietta Hot Springs
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California’s historic Murrietta Hot Springs has been purchased for US$50m (€51m, £44.4m) by Olympus Real Estate Group, a real estate investment and development firm with plans to renovate and preserve the 46-acre property as a hot springs wellness resort and day spa. The property, located in southwest Riverside County, is fully developed with approximately 279,000sq ft of infrastructure including existing operating hot springs, 38 buildings, 12 guest lodges with over 200 rooms, two large auditoriums, commercial kitchens and restaurant facilities. “It’s an extraordinary property with a long and deep-rooted history in the community,” said Justin Esayian of The Hoffman Company, who was the sole listing broker on the transaction.
“To see it going back to its origins as a major destination for wellness and rejuvenation is a boon for the entire Temecula Valley. It has the potential to transform the wine region’s tourism market and generate significant tax revenue for the city.” Over the next 18 months, Olympus plans to renovate the property and reopen it as a wellness resort with expanded use of the natural hot springs, overnight guest lodging, a full suite of wellness classes and activities, a geothermal-focused spa and access for day guests.
The company also owns The Springs Resort in Pagosa Springs, Colorado, an award-winning wellness destination with strong community ties including local memberships, affordable housing for employees and generous contributions to non-profit organisations. “Murrieta Hot Springs is an irreplaceable property with tremendous history,” says David Dronet, founder and principal of Olympus.
“We’re very thankful to Calvary Chapel for its stewardship of the property over the past quarter-century and are looking forward to revitalising and re-opening it as a first-class hot spring resort and day spa.” He adds: “Years ago, the Murrieta Hot Springs Resort was one of the preeminent health resorts in the country. We’re honoured to work with the Murrieta community and our amazing health and wellness team to make the Murrieta Hot Springs Resort a world-class wellness destination once again.” Originally developed in 1902 as a health retreat, the Murrieta Hot Springs resort attracted locals, travellers and celebrities to its restorative waters before falling into disrepair in the 1980s.
It came back to life in 1995 when Calvary Chapel of Costa Mesa converted it into a Christian conference retreat centre and Bible College Campus. The church’s decision to sell the historical landmark was prompted by a shift in focus for the Church, exacerbated by the closure of its facilities during COVID-19. Mike Mugavero of Calvary Chapel commented: ‘when our church, Calvary Chapel of Costa Mesa, first stepped foot on the property in 1995, we began to invest in restoring and improving the property to what it is today.
“During the 25-plus years of ministry, many churches were blessed to be served for retreats for their congregations. The church’s Bible College grew in its outreach as a place for young people to come and receive a strong biblical education. “When the property went on the market 18 months ago, it generated outsized interest from mega-churches to medical centres to educational institutions worldwide. But local officials and the community have long waited for Murrieta Hot Springs to be rejuvenated and the city helped facilitate the approval process for a resort.”
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News |
1 to 12 of 8427 news stories |
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02 Jun 2023
Lifestyle brand Equinox has told HCM it plans to fight a ruling by the US courts that it must pay pay US$11.25m to a former employee who claimed she was discriminated against due to race, ... More
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02 Jun 2023
Austria’s five-star alpine wellness retreat Hotel Krallerhof has been updated with a new nature-centric glass-fronted spa, Atmosphere by Krallerhof. Embedded in the slopes of the Asitz mountain, the five-star Salzburger hotel’s new adults-only wellness facility ... More
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01 Jun 2023
JW Marriott has branched into the luxury safari segment with a wellness-forward retreat property in one of Africa's most renowned wildlife and wilderness conservation regions. Sitting within Southwestern Kenya’s Masai Mara National Reserve, JW Marriott ... More
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01 Jun 2023
Global online architecture platform Architizer has spotlighted innovative spa and wellness architecture concepts around the world as part of its 11th Annual Architizer A+Awards. Founded on the premise of democratising architecture, the annual A+Awards honour ... More
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31 May 2023
Industry event Spa Life UK is back for 2023 from 2-4 July at the De Vere Cotswold Water Park Hotel, in South Cerney. The annual event is organised to equip attendees with valuable insights, educational ... More
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30 May 2023
Iconic Texas hotel and wellness destination Texas The Houstonian Hotel, Club & Spa has announced the appointment of Kelleye Martin as the new director of its Trellis Spa. With more than 25 years of experience ... More
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26 May 2023
Just in time for the 2023 Cannes Film Festival, premium beachside hotel The Carlton Cannes in Cannes, France, has opened its brand new spa and fitness centre, Le C Club. The 900sq m wellness centre ... More
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25 May 2023
Hospitality consulting and intelligence firm HVS* has appointed Peter Anderson as a managing director and wellness practice leader within the Americas region. Rod Clough, president of HVS Americas, commented: “We’re delighted to have Peter join ... More
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24 May 2023
Revenues at wellness hotels rose sharply in 2022 as demand rebounded, despite economic and geopolitical difficulties. Hotels with wellness offerings also experienced strong TRevPAR (total revenue per available room) growth in 2022 as markets benefited ... More
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23 May 2023
Mountain tourism represents between nine and 16 per cent of all international tourist arrivals worldwide as people head for sport, health and wellbeing travel. The figure comes from a report, by the World Tourism Organization ... More
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18 May 2023
Global wellbeing organisation Therme Group US and Washington DC Mayor Muriel Bowser have signed a deal to work together toward identifying a site for a new Therme facility. Therme is expanding into the US and ... More
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17 May 2023
To fully benefit from exercise, timing sessions to optimally match the body’s circadian rhythms is more important than the type or duration of the exercise, according to a report. A study published in the European ... More
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SALT Chamber |
SALT Chamber was started in 2012 by Founder and CEO Leo Tonkin and has become the leading authority
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