31 Mar - 02 Apr 2023
Düsseldorf Exhibition Centre,
Düsseldorf,
Germany
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03-06 Apr 2023
La Cantera Resort & Spa,
San Antonio,
United States
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24-25 Apr 2023
St. Martins Spa & Lodge,
Frauenkirchen,
Austria
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09-11 May 2023
Mandalay Bay,
Las Vegas,
United States
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10-12 May 2023
China Import & Export Fair Complex,
China
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01-01 Jun 2023
Four Seasons Hotel George V,
Paris,
France
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01-04 Jun 2023
Rimini Exhibition Center,
Rimini,
Italy
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06 Jun - 06 May 2023
1621 Alton ,
Irvine,
United States
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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 8379 news stories |
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30 Mar 2023
Physical activity should be a “mainstay approach” for doctors treating patients with depression, anxiety and psychological distress. This is the evidenced-based conclusion published in a recent study from the University of South Australia, published in ... More
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30 Mar 2023
A 13-year study by researchers at Harvard University has shown for the first time that the modification of gene expression can lead to cell ageing. For years, mainstream thinking in scientific circles has been that ... More
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29 Mar 2023
Hotel and spa operator Banyan Tree Group has signed a deal with La Quinta Real Estate Group to open its first resort and residences in Spain in 2026. Located in the Mediterranean town of Benahavis ... More
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29 Mar 2023
"I’m a firm believer in retreats and spas but without the skills to deeply relax, they’re of limited value," said Elissa Epel, a leading professor in psychiatry and behavioural medicine. "Despite being physically in paradise ... More
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28 Mar 2023
Swiss longevity clinic Clinique La Prairie (CLP) and luxury London hotel Mandarin Oriental Hyde Park have collaborated to launch all-new wellness programming. Called Regeneration experiences, the two new journeys feature longevity protocols and nutraceuticals to ... More
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27 Mar 2023
Hospitality giant Accor has added a new midscale brand, The Handwritten Collection, to its global portfolio. Accor already has over 110 Handwritten leads globally – many of which will include spa and wellness amenities – ... More
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24 Mar 2023
St. Regis Hotels & Resorts, part of Marriott International, has opened a new luxury hotel and wellness retreat in Mexico called St. Regis Kanai Resort, Riviera Maya. Built above a natural mangrove reserve, the 143-key ... More
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23 Mar 2023
International spa and wellness consultancy bbspa_Group has been appointed by Italian football club Cagliari Calcio to create an urban destination spa inside the club’s upcoming new stadium. Cagliari Arena will open with a 4,000sq m ... More
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22 Mar 2023
Nancy Griffin, founder of podcast Glowing Older and principal of Contento Marketing, has launched an initiative to create awareness about ageism in the spa, wellness and beauty industries. Called #ExposeAgeism, the movement encourages beauty, spa ... More
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21 Mar 2023
Health and wellbeing should be at the heart of all government policymaking according to a new report from UK member of Parliament Kim Leadbeater, who has called for a major transformation in the way the ... More
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20 Mar 2023
Hand Picked Hotels (HPH) has launched its new Spa Therapist Apprenticeship programme, working alongside national provider Armonia Training Academy and industry veteran Diane Hey. Designed to attract and nurture future talent, the British hotel group’s ... More
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20 Mar 2023
Melvin “Mel” Zuckerman, industry legend and founder of iconic US wellness lifestyle brand Canyon Ranch, has died aged 94 years. Revered as one of the early pioneers of the wellness movement, Zuckerman opened the flagship ... More
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Power Plate |
ower Plate is owned, manufactured and distributed by Northbrook, Ill.-based Performance Health
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