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BW5595 JAN 19,2005 5:48 PACIFIC 08:48 EASTERN
Steiner
Leisure Limited Announces Agreement by Mandara Spa to Build and Operate
the Spa at the Walt Disney World Swan and Dolphin Hotel in Orlando,
Florida
Business Editors/Travel Editors
NASSAU, The Bahamas--(BUSINESS WIRE)--Jan. 19,
2005--Steiner Leisure Limited (NASDAQ:STNR) today announced that its
Mandara Spa division has entered into an agreement to build out and
operate a luxury spa facility at the Walt Disney World Swan and Dolphin
Hotel in Orlando, Florida owned by Tishman Realty & Construction
Corporation and Met Life and managed by Starwood Hotels & Resorts
Worldwide. Located in Orlando, Florida, the 2,267 guest room AAA Four
Diamond Walt Disney World Swan and Dolphin is a premier resort complex
situated on 87 acres of beautiful lakefront property in the heart of
the Walt Disney World(R) Resort.
The terms
of Mandara's lease of the facilities will be for 20 years (including
renewals at the option of Mandara). The spa is situated within the
resort and will blend the distinctive architecture of the resort with
Mandara's signature contemporary-Balinese elements. The main spa
facility will comprise treatment rooms and couples suites accented with
Balinese inspired art and textiles. Additional features of the spa
include a relaxation Tea Garden and Meditation Garden with lakefront
views and balconies, men's and women's changing lounges, steam rooms, a
sophisticated nail salon and a "hair spa" offering a complete array of
beauty services in a single setting. A full compliment of spa services
custom tailored for the unique Orlando setting and spa environment will
be featured. Mandara estimates that the build-out will cost
approximately $2.5 million.
Mandara estimates that the spa will open in
Summer 2005.
Leonard Fluxman, President and Chief Executive
Officer of Steiner Leisure, said "Starwood operates some of the finest
resort facilities in the world. The Walt Disney World Swan and Dolphin
in Orlando, Florida is no exception and we are extremely pleased to be
able to continue to build our Mandara relationship with Tishman and
Starwood at this magnificent destination."
Bill McCreary, President of Tishman Hotel
Corporation, said, "We are pleased to continue our relationship with
Steiner Leisure in this endeavor. The Mandara Spa will meet a growing
demand of our guests and will provide an additional dimension of luxury
options for them to enjoy."
Steiner Leisure
Limited is a worldwide provider of spa services. The Company's
operations include spas and salons on 114 cruise ships, at 53 resort
spas and at two luxury day spas. In addition, we license the "Mandara"
name for use at 12 resort spas in Thailand and two resort spas in China
and we also license the "Greenhouse" name for use at a luxury day spa
in New York City. Our cruise line and land-based resort customers
include Carnival Cruise Line, 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(R) 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(R), as well as other
Steiner private label products, including La Therapie(R), Ionithermie,
and Steiner Hair Care, are available at http://www.timetospa.com.
Steiner Leisure also owns and operates three
post secondary schools (comprised of a total of seven campuses) located
in Miami, Fort Lauderdale, Orlando and Sarasota, Florida; Baltimore,
Maryland; York, Pennsylvania and Charlottesville, Virginia. Offering
degree and non-degree programs in massage therapy and 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, and the estimated opening date of, our operations at the
Walt Disney World Swan and Dolphin Hotel may be deemed to be
forward-looking statements under the federal securities laws. Such
statements are not guarantees of future performance and involve known
and unknown risks, uncertainties and other factors, which may cause the
actual results, performances or achievements to differ materially from
future results, performances or achievements expressed or implied in
such forward-looking statements. Such factors include uncertainties
beyond our control that could affect the timely construction of
land-based spa facilities such as at the Walt Disney World Swan and
Dolphin Hotel, including, in this case, 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 2003.
--30--JAR/mi*
CONTACT: Steiner Leisure Limited, Nassau
Leonard I. Fluxman, 305-358-9002
KEYWORD: FLORIDA NEW YORK INTERNATIONAL LATIN AMERICA
INDUSTRY KEYWORD: TRAVEL PRODUCT MARKETING AGREEMENTS
SOURCE: Steiner Leisure Limited
Copyright Business Wire 2005
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