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Article: Steiner Leisure Limited Announces Agreement to Operate a Luxury Spa at the Presidente InterContinental Cozumel Resort & Spa, in Cozumel, Quintana Roo.
- Article from:
- Business Wire
- Article date:
- February 21, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NASSAU, The Bahamas -- Steiner Leisure Limited (NASDAQ:STNR) today announced that its luxury resort spa division, Mandara Spa, has entered into an agreement to operate a luxury spa facility located at the Presidente InterContinental Cozumel Resort & Spa in Cozumel, Quintana Roo, Mexico.
The luxury boutique spa will feature unique signature treatments by Mandara Spa and will offer local, Balinese and Elemis beauty treatments. Steiner Leisure will be required to expend $400,000 to acquire the rights to the spa lease from the current operator of the spa and may spend up to an additional $100,000 in connection with refurbishing of the spa.
The spa is ...