Steiner Leisure Limited Announces Agreement to Operate a Luxury Spa at the Renaissance Kuala Lumpur Hotel, Malaysia
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 Renaissance Kuala Lumpur Hotel, in Kuala Lumpur, Malaysia. The Renaissance brand is part of the Marriott Hotels group. The term of the agreement is seven years, with an option to extend for an additional two years.
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 Renaissance Kuala Lumpur Hotel, in Kuala Lumpur, Malaysia. The Renaissance brand is part of the Marriott Hotels group. The term of the agreement is seven years, with an option to extend for an additional two years.
This luxury spa will feature unique signature treatments by Mandara Spa and will offer local, Balinese and other beauty treatments. The spa will be comprised of 11 treatment rooms, including two luxurious double spa suites with sunken baths and steam showers, eight single rooms and a separate reflexology treatment room. Steiner Leisure will be required to expend $550,000 to create the spa within the existing hotel building.
The spa is estimated to open by the end of November 2007.
This luxurious city hotel, one of the largest in Kuala Lumpur, has established itself as one of the premier hotels in this dynamic Asian city. Strategically located in the heart of the city, the hotel offers a total of 921 guest rooms, including 81 suites and has over 3,500 square meters of meeting space.
Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, "We are delighted to continue expanding our collaboration with the prestigious Marriott hotel and resort group. We look forward to introducing our unique approach to therapeutic luxury to another member of this top quality family of hotels.”
Forward-Looking Statements