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Top Team
Olympus Real Estate

The company behind the redevelopment of The Springs Resort in Colorado and Murrieta Hot Springs Resort in California is leading the way for a new era of thermal spas in the US. Jane Kitchen talks to its team about how they’re bringing wellness to the forefront of their efforts


While developing senior living communities, David Dronet became very aware of the concept and importance of healthspan versus lifespan, particularly in our older years. But he soon realised that his own healthspan wasn’t on a good trajectory: he was travelling and working too much and spending far too much time away from his young family.

Determined to focus on his wellbeing, in 2016, Dronet sold his development company for over US$40 million (€36 million, £30.3 million) and purchased The Springs Resort in Pagosa Springs, Colorado, with its 25 thermal pools and 79 guestrooms. Olympus Real Estate Group was formed.

Dronet redeveloped The Springs Resort, bringing on board industry veteran Sharon Holtz as VP of wellness and hiring Dr Marcus Coplin, a balneology expert.

Then, in 2022, Olympus bought the 46-acre Murrieta Hot Springs in California for US$50 million (€51 million, £44.4 million). Originally developed in 1902 as a health retreat, it had fallen into disrepair and closed to the public for the last 27 years.

Olympus spent 18 months renovating the property, which reopened in February. It now includes over 50 geothermal pools and water features, a full-service spa and a revamp of the resort’s original bathhouse.

Olympus is also planning a major expansion at The Springs Resort, doubling the number of pools, adding 78 bedrooms and introducing a two-storey geothermal-inspired spa. It’s expecting to complete the work in Q2 2025.

Both projects total US$125 million (€112.7 million, £94.7 million) in construction costs.

“All of these offerings are guided by our overarching vision to create health and wellness destinations that are approachable, well-rounded and focused on improving the wellbeing of our guests,” says Dronet.

The trio leading the wellbeing charge at the two resorts talk to Jane Kitchen.
David Dronet
MANAGING PARTNER
photo: WildCrafted Photography
Are hot springs experiencing a renaissance in America?

Hot springs have been central to healing around the world for thousands of years. As Americans, we’ve witnessed how our overstimulated, overprocessed and short-cuts-to-health culture has affected our lives. The simple and direct impact that soaking your body in natural thermal mineral water has on relaxation, health and sleep is undeniable.

We recognise that hot springs destinations in the US are barely scratching the surface of how they can aid the health and wellbeing of our communities. They give everyone an opportunity to care for themselves in an easy and approachable way. At the same time, we get to connect with others and escape our hectic lives. It’s a healthy dose of nature that we all need.

Who visits your properties?

Our customers are diverse, but we’ve seen the greatest growth among guests who are looking to unplug from their busy lives and who prioritise health and wellbeing. These customers range in age from 25 to over 65, and we’ve seen growth in all age segments, including families with young children. More than 80 per cent of our visitors travel from over 200 miles away.

What’s your development philosophy?

At both properties, we’ve created well-rounded offerings that complement our thermal waters in four key areas: physical and mental revitalisation, nutrition, sleep and physical activity. Our environments allow people to rest, recover and leave feeling recharged. To accomplish this, we built F&B offerings in Pagosa and added wellness professionals who could create exceptional programming such as guided cold-plunging, mud bathing, guided hikes and dozens of wellbeing classes.

What are you most proud of?

The team that’s driving these resorts. From the beginning, we’ve focused on our employee wellbeing. It’s only by putting our team first that we’ve seen remarkable growth in guest satisfaction and are considered a top hot springs destination.

Why do you have a VP of wellness as well as a medical director?

It’s very important to us that we create real, science-backed services and avoid the well-washing that we see all too often. So it was paramount that our team consisted of passionate and experienced professionals in the fields of nutrition, exercise physiology and massage therapy, as well as a medical doctor who could oversee our programming to ensure it was efficacious and comprehensive.

What are your future plans?

We’re currently focused on creating excellent experiences at our two resorts, but given the strength of our team, if the right opportunity presents itself, we will not hesitate to pursue new opportunities.

Hot springs in the US are barely scratching the surface of how they can aid our communities
Olympus’ site in Colorado is undergoing a major expansion / photo: Bri Amato
More than 80 per cent of visitors travel from over 200 miles away / photo: Bri Amato
Dr Marcus Coplin
MEDICAL DIRECTOR
photo: Ivester Creative
What’s your background in balneology?

My training in medicine includes a specialisation in integrative therapies. A major aspect of this is using hydrotherapy and physiotherapy to treat a variety of conditions beyond aches and pains.

In 2012, I undertook a research sabbatical through Europe that led to intensive training at several geothermal resorts and rehabilitation clinics. My understanding of what was possible through thermal mineral bathing as part of a larger care plan was forever changed. When I returned home, I joined the Balneology Association of North America as a founding board member. We aim to spread information about the therapeutic use of geothermal mineral waters.

What does your role at Olympus entail?

Originally, my role was to ensure its programmes had a firm and rational grounding in the science and practice of balneology. Now, I also work across the resort to ensure everyone has an understanding of what it is we do and what the water is capable of providing our guests.

Our goal has always been to provide a self-guided health and wellbeing experience for guests. We’ve largely done this through educational prompts about why hot springs are good for them and how they can maximise the benefits. We’re now going to go deeper by providing two to three-day stays focused on themes such as sleep, burnout and detoxing.

How are you communicating the benefits of hot springs to guests?

The best thing about my job is that I only have to help people get in the water and let the experience speak for itself. When people feel what regaining their health is like, providing them with a scientific foundation for why it’s occurring firmly plants the concept in their reality – and they come back again and again.

Our programmes have a firm and rational grounding in the science of balneology
The greatest growth has been in guests looking to unplug from their busy lives / photo: Bri Amato
Sharon Holtz
VP OF WELLNESS
photo: Ivester Creative
What responsibilities does your job include?

I oversee the creation and execution of wellness aspects of programming, community events, F&B, spa, guestroom enhancements and the overall expansion at both the Olympus resorts.

It’s about weaving wellness into all guest touch points and finding ways to improve the quality of our guests’ lives while they’re with us and when they return home. It’s about encouraging our guests to explore new things, connecting with nature and those around them and experiencing aspects of wellness that are approachable and tangible. Often, guests improve their wellbeing without even realising it, simply by engaging in the activities we offer. The most important thing is for them to feel the difference when they leave.

You’ve mostly worked in traditional spas – what appealed to you about a hot springs destination?

Being able to work with geothermal mineral water was very alluring. It’s so powerful and has such a profound impact on people’s wellbeing. Hot springs are more accessible to a wider demographic than luxury spas – one of my favourite things is seeing multi-generational groups or families taking to the waters together.

Soaking in hot springs is a way for people to improve their sense of wellbeing in a relaxing environment that creates a sense of connection with nature and those around them. I enjoy meeting people in pools who seem like they’re old friends, only to find out they’ve just met. That is the power of the water and what people are being drawn to.

What work are you most proud of?

There’s so much to be excited about. Bringing Tibetan singing bowls into the geothermal water was profound. We tried it out of curiosity and were surprised at how powerful the experience was compared to in a studio or outside. The synergy of the bowls and the water gives an amplified effect.

At Murrieta Hot Springs Resort, we have a traditional Kneipp walk modelled after the original therapy prescribed in the Bavarian rivers over 150 years ago and it’s extraordinarily therapeutic. The opening weekend saw queues of people excited to feel its benefits.

The historic springs at Murrieta as a whole have been wonderful to programme. Collaborating with Dr Coplin, our medical director, has been such a gift. His passion for using water for improved health is inspiring.

We want guests to explore new things, to connect with nature and those around them
Guests often improve their wellbeing without even realising it, just by trying the experiences / photo: Bri Amato
Water creates a sense of connection, says Holtz / photo: Bri Amato

There are currently more than 50 hot springs in development in the US. Visit www.spabusiness.com/thermalusa to find out more

Read more from this issue of Spa Business magazine

View contents of Spa Business 2024 issue 3
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©Cybertrek 2026
Uniting the world of spa & wellness
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Top Team
Olympus Real Estate

The company behind the redevelopment of The Springs Resort in Colorado and Murrieta Hot Springs Resort in California is leading the way for a new era of thermal spas in the US. Jane Kitchen talks to its team about how they’re bringing wellness to the forefront of their efforts


While developing senior living communities, David Dronet became very aware of the concept and importance of healthspan versus lifespan, particularly in our older years. But he soon realised that his own healthspan wasn’t on a good trajectory: he was travelling and working too much and spending far too much time away from his young family.

Determined to focus on his wellbeing, in 2016, Dronet sold his development company for over US$40 million (€36 million, £30.3 million) and purchased The Springs Resort in Pagosa Springs, Colorado, with its 25 thermal pools and 79 guestrooms. Olympus Real Estate Group was formed.

Dronet redeveloped The Springs Resort, bringing on board industry veteran Sharon Holtz as VP of wellness and hiring Dr Marcus Coplin, a balneology expert.

Then, in 2022, Olympus bought the 46-acre Murrieta Hot Springs in California for US$50 million (€51 million, £44.4 million). Originally developed in 1902 as a health retreat, it had fallen into disrepair and closed to the public for the last 27 years.

Olympus spent 18 months renovating the property, which reopened in February. It now includes over 50 geothermal pools and water features, a full-service spa and a revamp of the resort’s original bathhouse.

Olympus is also planning a major expansion at The Springs Resort, doubling the number of pools, adding 78 bedrooms and introducing a two-storey geothermal-inspired spa. It’s expecting to complete the work in Q2 2025.

Both projects total US$125 million (€112.7 million, £94.7 million) in construction costs.

“All of these offerings are guided by our overarching vision to create health and wellness destinations that are approachable, well-rounded and focused on improving the wellbeing of our guests,” says Dronet.

The trio leading the wellbeing charge at the two resorts talk to Jane Kitchen.
David Dronet
MANAGING PARTNER
photo: WildCrafted Photography
Are hot springs experiencing a renaissance in America?

Hot springs have been central to healing around the world for thousands of years. As Americans, we’ve witnessed how our overstimulated, overprocessed and short-cuts-to-health culture has affected our lives. The simple and direct impact that soaking your body in natural thermal mineral water has on relaxation, health and sleep is undeniable.

We recognise that hot springs destinations in the US are barely scratching the surface of how they can aid the health and wellbeing of our communities. They give everyone an opportunity to care for themselves in an easy and approachable way. At the same time, we get to connect with others and escape our hectic lives. It’s a healthy dose of nature that we all need.

Who visits your properties?

Our customers are diverse, but we’ve seen the greatest growth among guests who are looking to unplug from their busy lives and who prioritise health and wellbeing. These customers range in age from 25 to over 65, and we’ve seen growth in all age segments, including families with young children. More than 80 per cent of our visitors travel from over 200 miles away.

What’s your development philosophy?

At both properties, we’ve created well-rounded offerings that complement our thermal waters in four key areas: physical and mental revitalisation, nutrition, sleep and physical activity. Our environments allow people to rest, recover and leave feeling recharged. To accomplish this, we built F&B offerings in Pagosa and added wellness professionals who could create exceptional programming such as guided cold-plunging, mud bathing, guided hikes and dozens of wellbeing classes.

What are you most proud of?

The team that’s driving these resorts. From the beginning, we’ve focused on our employee wellbeing. It’s only by putting our team first that we’ve seen remarkable growth in guest satisfaction and are considered a top hot springs destination.

Why do you have a VP of wellness as well as a medical director?

It’s very important to us that we create real, science-backed services and avoid the well-washing that we see all too often. So it was paramount that our team consisted of passionate and experienced professionals in the fields of nutrition, exercise physiology and massage therapy, as well as a medical doctor who could oversee our programming to ensure it was efficacious and comprehensive.

What are your future plans?

We’re currently focused on creating excellent experiences at our two resorts, but given the strength of our team, if the right opportunity presents itself, we will not hesitate to pursue new opportunities.

Hot springs in the US are barely scratching the surface of how they can aid our communities
Olympus’ site in Colorado is undergoing a major expansion / photo: Bri Amato
More than 80 per cent of visitors travel from over 200 miles away / photo: Bri Amato
Dr Marcus Coplin
MEDICAL DIRECTOR
photo: Ivester Creative
What’s your background in balneology?

My training in medicine includes a specialisation in integrative therapies. A major aspect of this is using hydrotherapy and physiotherapy to treat a variety of conditions beyond aches and pains.

In 2012, I undertook a research sabbatical through Europe that led to intensive training at several geothermal resorts and rehabilitation clinics. My understanding of what was possible through thermal mineral bathing as part of a larger care plan was forever changed. When I returned home, I joined the Balneology Association of North America as a founding board member. We aim to spread information about the therapeutic use of geothermal mineral waters.

What does your role at Olympus entail?

Originally, my role was to ensure its programmes had a firm and rational grounding in the science and practice of balneology. Now, I also work across the resort to ensure everyone has an understanding of what it is we do and what the water is capable of providing our guests.

Our goal has always been to provide a self-guided health and wellbeing experience for guests. We’ve largely done this through educational prompts about why hot springs are good for them and how they can maximise the benefits. We’re now going to go deeper by providing two to three-day stays focused on themes such as sleep, burnout and detoxing.

How are you communicating the benefits of hot springs to guests?

The best thing about my job is that I only have to help people get in the water and let the experience speak for itself. When people feel what regaining their health is like, providing them with a scientific foundation for why it’s occurring firmly plants the concept in their reality – and they come back again and again.

Our programmes have a firm and rational grounding in the science of balneology
The greatest growth has been in guests looking to unplug from their busy lives / photo: Bri Amato
Sharon Holtz
VP OF WELLNESS
photo: Ivester Creative
What responsibilities does your job include?

I oversee the creation and execution of wellness aspects of programming, community events, F&B, spa, guestroom enhancements and the overall expansion at both the Olympus resorts.

It’s about weaving wellness into all guest touch points and finding ways to improve the quality of our guests’ lives while they’re with us and when they return home. It’s about encouraging our guests to explore new things, connecting with nature and those around them and experiencing aspects of wellness that are approachable and tangible. Often, guests improve their wellbeing without even realising it, simply by engaging in the activities we offer. The most important thing is for them to feel the difference when they leave.

You’ve mostly worked in traditional spas – what appealed to you about a hot springs destination?

Being able to work with geothermal mineral water was very alluring. It’s so powerful and has such a profound impact on people’s wellbeing. Hot springs are more accessible to a wider demographic than luxury spas – one of my favourite things is seeing multi-generational groups or families taking to the waters together.

Soaking in hot springs is a way for people to improve their sense of wellbeing in a relaxing environment that creates a sense of connection with nature and those around them. I enjoy meeting people in pools who seem like they’re old friends, only to find out they’ve just met. That is the power of the water and what people are being drawn to.

What work are you most proud of?

There’s so much to be excited about. Bringing Tibetan singing bowls into the geothermal water was profound. We tried it out of curiosity and were surprised at how powerful the experience was compared to in a studio or outside. The synergy of the bowls and the water gives an amplified effect.

At Murrieta Hot Springs Resort, we have a traditional Kneipp walk modelled after the original therapy prescribed in the Bavarian rivers over 150 years ago and it’s extraordinarily therapeutic. The opening weekend saw queues of people excited to feel its benefits.

The historic springs at Murrieta as a whole have been wonderful to programme. Collaborating with Dr Coplin, our medical director, has been such a gift. His passion for using water for improved health is inspiring.

We want guests to explore new things, to connect with nature and those around them
Guests often improve their wellbeing without even realising it, just by trying the experiences / photo: Bri Amato
Water creates a sense of connection, says Holtz / photo: Bri Amato

There are currently more than 50 hot springs in development in the US. Visit www.spabusiness.com/thermalusa to find out more

Read more from this issue of Spa Business magazine

View contents of Spa Business 2024 issue 3
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DIARY

 

09-11 Jun 2026

World Sauna Forum 2026

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09-12 Jun 2026

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+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2026

ABOUT LEISURE MEDIA
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