November 05, 2007 12:51 PM Eastern Time
Steiner Leisure Limited Announces Agreement to Operate a Luxury Spa at the Sheraton Imperial Kuala Lumpur Hotel, Malaysia
return to press releases front
NASSAU, The Bahamas--(BUSINESS WIRE)--Steiner Leisure Limited (NASDAQ:STNR) today announced that its luxury
resort spa division, Mandara Spa, has entered into a new agreement to
operate a luxury spa facility located at the Sheraton Imperial Hotel,
Kuala Lumpur, Malaysia. The hotel is part of the Starwood Hotels group’s
Luxury Collection of properties.
This six year agreement represents a renewal of our prior agreement to
operate a spa at this hotel and will involve the renovation of the
current spa at the hotel. We will pay $280,000 in connection with the
renovation of that spa.
The luxury boutique spa will feature unique signature treatments by
Mandara Spa and will offer local and Balinese beauty treatments. As part
of the renovation, the spa will add two luxury double spa suites with
sunken baths and steam showers, adding to the existing eight single
The spa is estimated to open by the end of March 2008.
This hotel is located in the heart of the Golden Triangle district of
Kuala Lumpur and is considered one the city’s
premier hotels. The 398 guest rooms, all luxuriously appointed, include
the city’s largest executive suite rooms and
have dynamic views of either the city skyline or the world famous
Petronas Twin Towers. With over 7,000 square feet of meeting space,
three restaurants, a bar and a lounge this hotel is a favorite of the
international business executive.
Leonard Fluxman, President and Chief Executive Officer of Steiner
Leisure, said, "We are delighted to continue our collaboration with the
prestigious Starwood Hotels and Resorts Worldwide group. We look forward
to continuing to develop our unique approach to therapeutic luxury with
this top quality family of hotels."
Steiner Leisure Limited is a worldwide provider of spa services. The
Company's operations include spas and salons on 132 cruise ships, and in
52 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, Royal Caribbean Cruises and
Silversea 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
Our statements with respect to our proposed services at, and the
estimated opening date of, our operations at the above resort spa may be
deemed to be forward-looking statements under the Private Securities
Litigation Reform Act of 1995. Such statements do not guarantee the
timely renovation or final characteristics of this spa, 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 spa facilities such as at the Sheraton
Imperial Kuala Lumpur including, among other things, our lack of control
over the spa construction work 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 2006.