Published on Friday, January 20, 2017

Hyatt buys wellness resort operator

Hyatt Hotels Corp has announced the acquisition of wellness resort operator Miraval Group.

The acquisition from KSL Capital Partnershas cost $215 million for Miraval's existing resort in Tucson and developments in Austin and Lenox, Massachusetts.

Hyatt said it will spend an additional $160 million to expand and redevelop the resorts.

The purchase also includes the Miraval Life in Balance Spa brand which opened its first location in California last year.

"The Miraval acquisition reflects our commitment to super serving the high-end traveller and finding new ways to understand and care for them.

"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," said Hyatt Hotels Corp CEO Mark Hoplamazian.

The Miraval brand will become a new wellness category within the Hyatt portfolio and Miraval CEO Steven Rudnitsky will continue to drive the brand's growth strategy under Hyatt.

"We recognize the business opportunity within the $420 billion wellness-tourism category and understand the rising demand for wellness offerings among our targeted high-end travellers," Hoplamazian added.

Your Comments

, be the first to post a comment.
Your email:

Email other comments made to this story
Code Request a new picture 5 characters

NOTE: Comments are subject to admin approval before being posted.
Mole Poll
'Britain follows US and bans electronics from cabin baggage' Good or Bad move ?
Good 51.46 %
Bad 48.54 %

Thank you for your vote

Move scroll bar (above) left to right for more videos!

Sponsored features

It's upgrade time at

Recently, roomsXML has launched its new version of API, which brings significant upgrades to its already reliable API. By upgrading the API, clients now have the ability to search for multiple hotels of their choice in a single request. This allows them complete freedom to only search for hotels they wish to sell.