Steiner Leisure Limited Announces Agreement to Operate a Luxury Spa in Bali
Steiner Leisure Limited (NASDAQ:STNR) recently 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.
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