Mandara Spa

Last updated

Mandara Spa is a global spa management company founded in Bali and now under the company Steiner Leisure Limited, publicly listed in Nasdaq (STNR). Steiner was purchased in 2016 by private equity firm Catterton.

Contents

The name Mandara comes from an ancient Sanskrit legend about the gods' quest to find the elixir of immortality and eternal youth. Mandara Spa has commercially exploited this legend.

History

Founded in Bali, Indonesia in 1996 by Thomas Gottlieb and John Pritzker, [1] [2] Mandara Spa was one of the pioneers of the tropical Asian spa experience. The first Mandara Spa opened in May 1996 at The Chedi (now Alila Ubud) in Ubud, Bali. In 1998, it began operating in Malaysia and the following year, in 1999, it expanded into the Maldives and Thailand. In 1998, Mandara Spa formed the US-based division, headquartered in Hawaii, to develop spas outside of Asia.

Shiseido Company

Mandara Spa ceased to be a 100% privately owned company in 2000, when Shiseido Co. of Japan bought a 40% stake in its worldwide operations. [3] In 2001, the remaining 60% of shares were sold to Steiner Leisure Limited, a Nasdaq (STNR) listed company. [4] [1]

Steiner Leisure Ltd

In December 2002 Steiner Leisure Limited became the sole owner of Mandara Spa after acquiring the 40% equity interests from Shiseido. Steiner Leisure Limited is a global provider of spa services and operations, a manufacturer and distributor of overpriced skin, body and hair care products and an accredited educator teaching massage, skincare, and spa management. Steiner Leisure's Maritime and Resort Spa divisions operate in over 175 venues on land and at sea. Mandara Spa now operates as a wholly-owned subsidiary of Steiner Leisure, with Jeff Matthews as president and Chief Operating Officer of its Asian, and middle eastern region and Bruce Pine, Senior Vice-president and Chief Operating Officer, Land-based spas, in all other regions. [5]

Business Model

Mandara Spa is a spa management company, it is not an owning company. The company operates much the same as a hotel Management Company would. A hotel owner or manager offers up space, Mandara Spa comes in and does everything from design & construction, right through to fit out. Mandara Spa also designs the treatment menu and brings in the staff. Finally, Mandara Spa continues to manage the business on an ongoing basis. The business model for Mandara Spa varies according to the needs of each hotel. In some cases, Mandara Spa takes a percentage of revenues & profits, just like a hotel company would. In other cases, Mandara Spa takes on the costs of the operation and shares a percentage of top-line revenue only with the hotel. In some cases, the hotel and Mandara Spa share both costs and revenues and split the profits.[ citation needed ]

Related Research Articles

<span class="mw-page-title-main">Hyatt</span> American multinational hospitality company

Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family.

<span class="mw-page-title-main">Brookfield Corporation</span> Asset management company based in Toronto, Canada

Brookfield Corporation is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield's headquarters are in Toronto. It also has corporate offices in New York City, London, São Paulo, Mumbai, Shanghai, Dubai, and Sydney.

<span class="mw-page-title-main">Singapore Exchange</span> Investment holding company in Singapore

Singapore Exchange Limited is a Singapore-based exchange conglomerate, operating equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and data services. SGX Group is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation.

Fairmont Hotels & Resorts is a global chain of luxury hotels that operates more than 70 properties worldwide, with a strong presence in Canada.

YTL Corporation Berhad is a Malaysian infrastructure conglomerate, founded in 1955 by Yeoh Tiong Lay, after whom the group is named. YTL Corporation Berhad is an integrated infrastructure developer with extensive operations in countries including Malaysia, Singapore, the United Kingdom, Australia, France, Indonesia, Japan, Jordan, Myanmar, the Netherlands, Thailand and Vietnam. The company has grown from a small construction firm into a global infrastructure company generating over RM25 billion in annual revenue and RM5 billion in EBITDA with over 70 percent coming outside Malaysia.

Mandara is an ethnic group and a language family in West Africa. It is also an alternative spelling of "mandarah", referring to a guest room in Middle Eastern buildings, especially in Egypt.

<span class="mw-page-title-main">Regent Hotels & Resorts</span>

Regent Hotels & Resorts is a British luxury hospitality brand, founded by hotelier Robert H. Burns in 1970. After passing through different owners since foundation, it is currently jointly owned by IHG Hotels & Resorts and Formosa International Hotels Corporation since July 2018, with hotels and resorts in Asia and Europe.

<span class="mw-page-title-main">The Ritz-Carlton Hotel Company</span> American multinational luxury hotel chain

The Ritz-Carlton Hotel Company, LLC is an American multinational company that operates the luxury hotel chain known as The Ritz-Carlton. The company has 108 luxury hotels and resorts in 30 countries and territories with 29,158 rooms, in addition to 46 hotels with 8,755 rooms planned for the future.

<span class="mw-page-title-main">Empire Resorts</span>

Empire Resorts is a gaming company that owns and operates Resorts World Catskills and Monticello Raceway in the Catskill Mountains, 90 miles (140 km) from New York City. Headquartered in Monticello, New York, Empire Resorts is owned by affiliates of the Genting Group.

Joie de Vivre Hospitality is a hotel and restaurant company based in San Francisco, California, and the second-largest operator of boutique hotels in the United States.

<span class="mw-page-title-main">Pacnet</span> Global telecommunications provider

Pacnet was a global telecommunications service provider between 2008 and 2015. It was formed from the operational merger of Asia Netcom and Pacific Internet on 8 January 2008. It was owned by a private investor group comprising Ashmore Investment Management Limited, Spinnaker Capital Limited and Clearwater Capital Partners. Its acquisition by the Australian telecommunications company Telstra was announced at the end of 2014, and completed in April 2015.

Minor International is a Thai multi-national company based in Bangkok, Thailand. The three core businesses of Minor are hospitality, restaurants and lifestyle brands distribution, operated under subsidiary companies Minor Hotels, Minor Food, and Minor Lifestyle respectively.

<span class="mw-page-title-main">Hayleys</span> Sri Lankan conglomerate

Hayleys PLC, founded in 1878, is a multinational and diversified conglomerate company in Sri Lanka with business spanning over 16 sectors, catering to 70 markets worldwide. Hayleys accounts for approximately 4.2% of Sri Lanka's export income, and 3.9% of the country's tea and 4.5% of its rubber production. With over 30,000 employees, Hayley was also the first listed entity in the country to surpass annual revenue of US$1 billion in Fiscal Year 2017/18. The company operates over 16 business sectors: eco-solutions, hand protection, purification, agriculture, consumer and retail, leisure, textile manufacturing, construction materials, plantations, industrial solutions, power and energy, transportation and logistics, BPO, tea exports, projects and engineering, and investments and services. Hayleys comprises over 130 business units and subsidiaries, nine of which are publicly listed in the Colombo Stock Exchange. In addition to Sri Lanka, Hayleys today has manufacturing facilities in Indonesia and Thailand and marketing operations in Australia, India, Bangladesh, Italy, Japan, Netherlands, UK and USA and its products are sold in 80 countries.

John A. Pritzker, the grandson of A.N. Pritzker and son of Jay Pritzker, is an American billionaire and investor. He is a member of the Pritzker family.

<span class="mw-page-title-main">Apple Leisure Group</span> Vertically-integrated American travel and hospitality conglomerate

Apple Leisure Group (ALG) is an American travel and hospitality conglomerate focused on packaged travel and resort/brand management in Mexico, the Caribbean, Hispanic America, Europe, and the Middle East. It is the parent corporation of resort and brand management company AMResorts. ALG also oversees fourteen subsidiaries, including tour operators Apple Vacations and Travel Impressions, online travel agency CheapCaribbean.com, as well as destination management company AMStar DMC. Its headquarter is in Newtown Square, Pennsylvania. It is a subsidiary of Hyatt Hotels Corporation.

<span class="mw-page-title-main">Huazhu Hotels Group</span> Chinese hotel management company

H World Group Ltd (simplified Chinese: 华住酒店集团; traditional Chinese: 華住酒店集團; pinyin: Huázhù Jiǔdiàn Jítuán) is a hotel management company in China. In 2021, it was ranked the seven largest hotel group in the world. As of June 2020, Huazhu Hotels Group operates 6,187 properties in 16 countries. It was previously known as Hanting Inns or China Lodging Group Limited. The company's head office is located in Minhang District, Shanghai.

<span class="mw-page-title-main">Minor Hotels</span> International hotel operator

Minor Hotels is an international hotel owner, operator and investor from Bangkok, Thailand with more than 550 hotels in 55 countries across Asia-Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas. The hotel group operates as a subsidiary of Minor International PCL, one of the largest hospitality and leisure companies in the Asia Pacific region. The group operates hotels under the brands of Anantara Hotels, Resorts & Spas, Avani Hotels & Resorts, NH Hotels, NH Collection, nhow Hotels, Tivoli Hotels & Resorts, Oaks Hotels & Resorts and Elewana Collection.

Investment Corporation of Dubai (ICD) is the principal investment arm of the Government of Dubai focused on strengthening Dubai’s economy through long-term value and wealth creation and investing in global opportunities. Established in 2006, ICD manages the Government of Dubai Portfolio of commercial companies and investments. In 2022, ICD reported assets worth $320 billion and revenue of $73 billion. The Dubai-based corporation provides strategic oversight, develops and implements investment strategies and corporate governance policies, and operates in multiple sectors, including oil and gas, transportation, banking, and financial services.

COMO Hotels and Resorts is a Singapore-based company that operates hotels in Australia, Bhutan, Indonesia, Italy, the Maldives, Thailand, Turks and Caicos, the United Kingdom and the United States. The company was founded by Christina Ong in 1991.

JM Financial (JMFL) is an Indian financial services group headquartered in Mumbai and has branches across India. It also has overseas branches in Ebene, Singapore, New Jersey and Dubai although almost all the group's business are domestic operations in India.

References

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.