April 30, 2008 09:57 AM Eastern Time
Steiner Leisure Limited Announces Agreement to Operate a Luxury Spa at the Ayodya Resort Bali
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NASSAU, The Bahamas--(BUSINESS WIRE)--Steiner Leisure Limited (NASDAQ:STNR) today announced that its luxury resort spa division, Mandara Spa, has entered into a ten-year agreement to operate a deluxe spa facility at the Ayodya Resort Bali, Bali, Indonesia. The resort is located in the heart of Nusa Dua, a premier resort community in the South of Bali, with a stunning location overlooking the Indian Ocean.
Steiner Leisure will invest $700,000 to create the new spa, which is anticipated to open by the end of November 2008.
The Ayodya Spa by Mandara will feature Mandara Spa’s signature treatments and offer local Balinese beauty treatments. The spa will be comprised of 16 treatment rooms in total: 12 single rooms with aromatherapy steam showers and four double suites, each approximately 750 sq. feet in size. Each double suite will feature an outdoor bale, private steam shower, changing room and oversized bath.
The 17,760 sq. foot spa will also offer a state of the art fitness centre, retail boutique, manicure and pedicure area and relaxation lounge, which includes a unique spa library.
Strategically located in the secured gated resort community of Nusa Dua, the Balinese-themed resort offers a total of 537 rooms and suites along a 1,000–foot long prime stretch of pristine beach and offers extensive sports and recreational activities. The expansive beachfront resort is directly adjacent to the Bali Golf & Country Club.
Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, "We are delighted to expand our presence in Bali with a new resort group. We look forward to introducing our unique approach to therapeutic luxury to another member of this deluxe resort group.”
Steiner Leisure Limited is a worldwide provider of spa services. The Company’s operations include spas and salons on 127 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 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.
Our statements with respect to the proposed features at and the estimated opening date of our operations at the above resort spa 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 resort 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 spa facilities such as at the Ayodya Resort Bali, including, among other things, our lack of control over the construction and the venue where the spas 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 2007. We undertake no obligation to publicly update or revise any of such forward-looking statements.