Starwood Hotels & Resorts Worldwide Inc. has completed the sale of Bliss World Holdings Inc., a spa and skin care products company, to Steiner Leisure Ltd. for $100 million.
As part of the transaction, Bliss and Rem̬de spas and amenities will remain exclusive to Starwood in the hotel category at W Hotels and St. Regis Hotels, respectively. Also, StarwoodӪs Aloft brand will continue to offer Bliss Tried+Blue amenities.
“Not only does this sale further our strategy to focus exclusively on our global hospitality business and our nine distinct and compelling hotel brands, but our ongoing and exclusive relationship with Steiner Leisure means that we will continue to distinguish our spa offerings in our W and St. Regis hotels and provide amenities that are guest favorites,” said Frits van Paasschen, president and CEO of White Plains-based Starwood.
Steiner Leisure Limited has headquarters in Nassau, The Bahamas.