Miraval Group Acquires Travaasa Austin (TX)

Miraval Group acquired Travaasa Austin (TX), a 220-acre wellness resort located in the Hill Country of Texas, on Dec. 22, 2016. Miraval plans to redevelop and expand the property into a 120-room destination resort, adding 50 rooms, doubling the space at The Spa at Travaasa Austin (TX), expanding the main restaurant The Preserve Kitchen + Bar, and building several new facilities, including a unique equine experience that will be an integral part of the Miraval property. The Texas property is Miraval’s first resort in Texas and in the South, and the project is expected to be completed by January 2019. The resort will continue operating as Travaasa Austin throughout the redevelopment process, and upon completion it will relaunch as Miraval Austin. “We selected Travaasa Austin for a host of reasons, including its hilltop location that provides extraordinary views of Lake Travis and a sense of place,” says CEO and president Steven A. Rudnitsky. “The campus is surrounded by protected lands, providing privacy and protection from distractions of the outside world, which are key attributes of the Miraval Experience. The acquisition will offer Miraval Group an exceptional opportunity to create an authentic Texas wellness experience. Miraval will incorporate the region’s culture and architectural styles to create original experiences with dynamic wellbeing and personal development programs, one-of-a-kind spa treatments, and flavorful and healthful cuisine.”

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