
December 14, 2006 10:36 AM Eastern Time
Steiner Leisure Limited Announces Agreement to Operate a New Luxury Spa at The Monarch Hotel in Dubai
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NASSAU, The Bahamas--(BUSINESS WIRE)--Steiner Leisure Limited (NASDAQ:STNR) today announced that its premier
Mandara resort spa division has entered into an agreement to operate a
new luxury spa facility located at The Monarch Hotel and Convention
Centre in Dubai, in the United Arab Emirates.
The term of the lease is for a period of 10 years.
This spa will be located in a new hotel being built on Sheikh Zayed
Road, in downtown Dubai and will feature 10 deluxe treatment rooms,
including a suite and a couples spa room, as well as men’s
and women’s changing rooms and steam and
Jacuzzi facilities. This luxury spa will also feature local, Balinese
and Elemis beauty treatments. The hotel is expected to have, among other
things, 141 executive rooms, 40 deluxe suites, presidential and royal
suites, 16 meeting rooms, a ballroom and five high quality restaurants.
Steiner Leisure estimates that the new spa will open in May of 2007.
Leonard Fluxman, President and Chief Executive Officer of Steiner
Leisure, said, “We are extremely pleased to
have this opportunity to expand our brand into this region. We look
forward to introducing yet another part of the world to the exceptional
quality of our spa services and products.”
Steiner Leisure Limited is a worldwide provider of spa services. The
Company's operations include spas and salons on 126 cruise ships, and in
51 resort spas and two luxury day spas. Our cruise line and land-based
resort customers include Carnival Cruise Lines, Caesars Entertainment,
Celebrity Cruises, Crystal Cruises, Cunard/Seabourn Cruise Lines, Hilton
Hotels, Holland America Line, Kerzner International, Marriott Hotels,
Norwegian Cruise Lines, Princess Cruises and Royal Caribbean Cruises.
Our Elemis Limited subsidiary manufactures its Elemis®
brand products for use in our cruise ship and land-based spas. This top
quality European line of beauty products is also distributed worldwide
to exclusive hotels, salons, health clubs and destination spas. Elemis®,
as well as other Steiner products, including La Therapie®,
Ionithermie, and Steiner Hair Care, are available at http://www.timetospa.com.
Steiner Leisure owns and operates four post secondary schools (comprised
of a total of 14 campuses) located in Miami, Orlando, Pompano Beach and
Sarasota, Florida; Baltimore, Maryland; Charlottesville, Virginia; York,
Pennsylvania; Salt Lake City and Lindon, Utah; Las Vegas, Nevada; Tempe
and Phoenix, Arizona; and Westminster and Aurora, Colorado. Offering
degree and non-degree programs in massage therapy and, in some cases,
skin care, these schools train and qualify spa professionals for health
and beauty positions within the Steiner family of companies or other
industry entities.
Forward-Looking Statements
Our statements with respect to the proposed services at, the proposed
facilities of, and the estimated opening date of, our operations at the
above hotel may be deemed to be forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
statements do not guarantee the timely construction or final
characteristics of this new spa or the hotel, since known and unknown
risks and other factors may preclude results that match these
statements. Such risks and factors include uncertainties beyond our
control that could adversely affect the timely construction and final
characteristics of resort facilities such as at the Monarch Hotel and
Convention Centre, Dubai, including, among other things, our lack of
control over the construction and the venue where the spa will be
located and possible weather-related delays. Other risks are described
in our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K for 2005.
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