{"id":1004162606,"date":"2016-12-27T09:38:58","date_gmt":"2016-12-27T17:38:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004162606"},"modified":"2022-12-09T01:25:17","modified_gmt":"2022-12-09T09:25:17","slug":"new-owner-new-name-for-travaasa-austin-resort","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-owner-new-name-for-travaasa-austin-resort\/","title":{"rendered":"New Owner, New Name for Travaasa Austin Resort"},"content":{"rendered":"<p>By Veronica Grecu<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/1433-spa-entrance.jpg\"><img decoding=\"async\" data-attachment-id=\"1004162613\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/new-owner-new-name-for-travaasa-austin-resort\/1433-spa-entrance-800x600\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/1433-spa-entrance-800x600.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1433-spa-entrance-800&#215;600\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/1433-spa-entrance-800x600.jpg?w=800\" loading=\"lazy\" class=\"alignright wp-image-1004162613\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/1433-spa-entrance.jpg\" alt=\"1433-spa-entrance-800x600\" width=\"400\" height=\"300\" \/><\/a><strong>Austin, Texas<\/strong>\u2014Miraval Group, a New York-based wellness resort operator, has entered the Texas market with the recent acquisition of the Travaasa Austin Resort. The 70-room resort was purchased from a wholly owned subsidiary of Amstar Group, a real estate investment management company headquartered in Denver, Colo. Terms of the transaction remained undisclosed.<\/p>\n<p>The new acquisition is part of Miraval\u2019s national growth plan that also includes the Miraval Life in Balance Spa at Monarch Beach Resort in Dana Point, California and the redevelopment of the Cranwell resort in Lenox, Massachusetts<\/p>\n<p>Miraval plans to redevelop the property\u2014which is located at 13500 Farm to Market Road in the Balcones Canyonlands Preserve\u2014into a destination wellness resort. This will be the company\u2019s first foray into the Texas and South markets. Se.t for completion in January 2019, the upgraded property will offer 120 rooms, an expanded main restaurant and an equine facility that will be integrated into the resort experience.<\/p>\n<p>The resort will continue to operate as Travaasa Austin throughout the redevelopment and expansion process, and will be rebranded into Miraval Austin.<\/p>\n<p>\u201cWe selected Travaasa Austin for a host of reasons, including its hilltop location that provides extraordinary views of Lake Travis and a sense of place,\u201d said Steven A. Rudnitsky, Miraval Group president &amp; chief. \u201cThe campus is surrounded by protected lands, providing privacy and protection from distractions of the outside world \u2500 key attributes of the Miraval Experience. In addition, the existing staff is a good fit for the Miraval culture. We are delighted to welcome them to the Miraval family.\u201d<\/p>\n<p><em>Image via travaasa.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A wellness resort operator has big plans for a 220-acre spa complex in Austin.<\/p>\n","protected":false},"author":258,"featured_media":1004162613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21782,21808,21751,21742],"tags":[33285],"class_list":["post-1004162606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-development","category-featured","category-hotel","category-latest","tag-miraval-resort-spa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New Owner, New Name for Travaasa Austin Resort - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-owner-new-name-for-travaasa-austin-resort\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Owner, New Name for Travaasa Austin Resort\" \/>\n<meta property=\"og:description\" content=\"A wellness resort operator has big plans for a 220-acre spa complex in Austin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-owner-new-name-for-travaasa-austin-resort\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-27T17:38:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:25:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/1433-spa-entrance-800x600.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-owner-new-name-for-travaasa-austin-resort\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-owner-new-name-for-travaasa-austin-resort\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"New Owner, New Name for Travaasa Austin Resort\",\"datePublished\":\"2016-12-27T17:38:58+00:00\",\"dateModified\":\"2022-12-09T09:25:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-owner-new-name-for-travaasa-austin-resort\\\/\"},\"wordCount\":274,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-owner-new-name-for-travaasa-austin-resort\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/12\\\/1433-spa-entrance-800x600.jpg\",\"keywords\":[\"Miraval Resort &amp; 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