NEWS
Breaking: Hyatt acquires Miraval
POSTED 18 Jan 2017 . BY Jane Kitchen
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.
 


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 Business - Breaking: Hyatt acquires Miraval...
18 Feb 2018 Spa Business: uniting the world of wellness
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest 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

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 Business
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Leisure Opportunities is doing an apprenticeship survey – take part!
Leisure Opportunities is doing an apprenticeship survey – take part!   15 Feb 2018

To coincide with National Apprenticeship Week in March, Leisure Opportunities is undertaking an employer survey on the industry’s needs and appetites .... more>>
National survey to explore effects of loneliness on human health
National survey to explore effects of loneliness on human health   16 Feb 2018

The British public is being invited to take part in a national loneliness survey, launched in partnership between three universities, BBC Radio 4 and .... more>>
Marriott and Witkoff to turn unfinished Fontainebleau into integrated resort
Marriott and Witkoff to turn unfinished Fontainebleau into integrated resort   14 Feb 2018

The unfinished Fontainebleau resort tower in Las Vegas, US, will finally get a new lease of life, following a deal struck between New York-based .... more>>
ReardonSmith Architects complete extensive renovation of 'Ireland's leading luxury resort'
ReardonSmith Architects complete extensive renovation of 'Ireland's leading luxury resort'   13 Feb 2018

Adare Manor, Country Limerick’s historic hotel and golf resort, has re-opened its doors after a multi-million-euro redevelopment, planned to establish .... more>>
Happiness expert Shawn Achor to open ISPA 2018
Happiness expert Shawn Achor to open ISPA 2018   13 Feb 2018

The International Spa Association (ISPA) has announced that happiness expert Shawn Achor will deliver the opening keynote speech at the 28th annual .... more>>
Company profile


VOYA

Founded on a 300-year old tradition and officially launched in 2006, VOYA is run by husband and wife duo Mark and Kira Walton, who are proud to have produced the world’s first range of certified organic, seaweed-based skincare products.

View full profile>>

Catalogue gallery


Featured Supplier

Feed your skin with new ELEMIS’ Superfood Skincare System

Feed your skin with new ELEMIS’ Superfood Skincare System

What’s good for the body is good for the skin, and nothing packs a more powerful nutritional punch than Superfoods. More>>




in this issue

• Sport report omits Healthy Pupil cuts
• YourZone45 to ramp up expansion plans
• Robers plans boutique gym at Langley



Spa jobs




Beauty Therapists
Salary: £18,631 per annum, pro rata plus commission
Location: Suffolk, UK
Company: Center Parcs
Product Trainer and Business Development Manager
Salary: Competitive Salary
Location: Guildford, UK
Company: Spa Voyage
Spa Manager
Salary: Competitive Salary & Benefits
Location: Landaagiraavaru, Maldives
Company: Four Seasons
Diary dates
Powered by leisurediary.com




25-26 Feb 2018

Professional Beauty London

ExCeL London, London, United Kingdom


25-26 Feb 2018

World Spa & Wellness Convention London

ExCeL London, London, United Kingdom



Spa Business magazine 2018 issue 1
Spa Business
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Promotional feature: Global Halotherapy Solutions
Global Halotherapy Solutions has expanded its range of salt therapy products with the launch of the HaloFX Mobile More>>
  Editor’s letter: Healthy celebrations
Liz Terry shares her thoughts More>>


Spa Business magazine 2017 issue 4

Spa Business
2017 issue 4

View issue contents
View turning pages
Download PDF
  Promotional feature: Resortsuite
Making a fully-integrated difference More>>
  Fitness: Hybrid Fitness
ESPA Life at Corinthia launches a ‘revolutionary’ new fitness concept More>>


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