Steiner Leisure Skincare Spas Education
Steiner Leisure Company ProfileSteiner Leisure PortfoliosInvestor RelationsSteiner Leisure Career CenterSteiner Leisure Media Center


Press Releases

Image Library

Video

Media Contacts




Get breaking news about Steiner Leisure and our portfolios.



February 21, 2007 09:16 AM Eastern Time

Steiner Leisure Limited Announces Agreement to Operate a Luxury Spa at the Presidente InterContinental Cozumel Resort & Spa, in Cozumel, Quintana Roo

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 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 estimated to open by the end of February 2007. The term of the agreement is three years, and Mandara has an option to renew the agreement for two additional three-year periods.

This luxurious resort re-opened in November 2006, after undergoing extensive upgrading. The property is set along half a mile of sandy beach and against the history-filled backdrop and natural wonders of Cozumel. The resort offers 220 oversized guest rooms with balconies or terraces, most or which overlook the Caribbean Sea, including two presidential suites and five reef suites with oversized whirlpool tubs.

Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, "We are delighted to continue expanding our collaboration with the prestigious Presidente InterContinental 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."

Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 126 cruise ships, and in 53 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, Ritz Carlton, 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 our proposed services at, and the estimated opening date of, our operations at the above resort 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, 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 Presidente InterContinental Resort and Spa, 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 2005.



© 2017 Steiner Leisure Limited Home | Contact Us | Terms of Use | Privacy Policy | Site Map