Spa Business insights
■■ Murrieta Hot Springs will reopen as the sister resort to The Springs Resort in Pagosa Springs, Colorado
Glory days Olympus Real Estate has announced plans to restore Murrieta Hot Springs to its former glory following a US$50m investment
C
alifornia’s historic Murrieta Hot
with approximately 279,000sq ft
and activities, a geothermal-focused
springs has been purchased
of infrastructure including existing
spa and access for day guests.
for us$50m (€51m, £44.4m)
operating hot springs, 38 buildings,
by Olympus Real estate Group,
12 guest lodges with over 200 rooms,
Resort in Pagosa springs, Colorado, an
a real estate investment and
two large auditoriums, commercial
award-winning wellness destination
development firm with plans
kitchens and restaurant facilities.
with strong community ties including
to renovate and preserve
Over the next 18 months, Olympus
The company also owns The springs
local memberships, affordable
the 46-acre property as a hot springs
Real estate is planning to renovate
housing for employees and generous
wellness resort and day spa.
the entire property and reopen it as a
contributions to non-profit organisations
Starting a new chapter
luxury wellness resort. The refreshed
“Murrietta Hot springs is an
property will feature expanded natural
irreplaceable property with tremendous
The property, located in southwest
hot springs facilities, overnight guest
history,” says David Dronet, founder
Riverside County, is fully developed
lodging, a full suite of wellness classes
and principal of Olympus Real estate.
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