Z Capital Partners Acquires Canyon Ranch Miami Beach

Z Capital Partners, a private equity firm, has purchased Canyon Ranch, Miami Beach, now Carillon Hotel & Spa. The firm announced new management for the resort, located at 6801 Collins Avenue. In December 2014, the U.S. Bankruptcy Court approved sale of the property to Z Capital Partners by the former owner, Lehman Brothers, as part of the breakup of Lehman's assets required to meet its obligations to creditors from its 2008 bankruptcy. According to Canyon Ranch, their attempts to negotiate a new contract agreement with the new owner were unsuccessful. The Carillon Hotel & Spa will retain current employees and instructors, and will continue to provide amenities and services previously offered, including spa facilities, fitness classes and programs, and restaurants.

For more information, visit www.canyonranch.com. For more on the Carillon Hotel & Spa, visit www.carillonhotel.com.

Suggested Articles

Discover the three winners of the Final Touches group of American Spa's 12 Days of PCA celebration.

This new location is located on the Upper East Side.

This number is based on findings of an industry analysis report conducted by Polaris Market Research.