Handover of Thermae Bath Spa to YTL Hotels successfully completed

Bath, UK – 5th February 2014

YTL Hotels, owners of The Gainsborough Bath Spa Hotel and Wessex Water, has taken on the operating contract of Thermae Bath Spa from Thermae Development Company. The mutually agreed deal will consolidate Bath’s position in the UK and develop its standing as one of Europe’s leading spa destinations. Jobs at the award winning Thermae Bath Spa, which employs more than 170 people, will be safeguarded.

Henk Verschuur, who has been involved with the successful operations of Thermae Bath Spa said, “This heralds the start of a very exciting future. I am extremely proud of what we have achieved at Thermae Bath Spa since opening and am confident that its future is in safe hands.”

Colin Skellett, Chair of Bath Hotel and Spa Limited said, “This represents a further major investment by YTL and demonstrates their long term commitment to Bath. YTL Hotels has worldwide experience in managing spas and hotels and look forward to making a positive contribution to the future wellbeing of Bath. The strong Thermae Bath Spa brand, alongside the new 5-star hotel and spa will offer choice and add value to both businesses.”

Councillor Paul Crossley, Leader of Bath & North East Somerset Council asserted that, “This is great news for Bath. It is a statement of confidence in the city of Bath and fulfils our ambition of boosting the local economy and securing jobs. It is a key element in the vision for Bath as a leading spa destination and an important building block in the creation of a spa quarter in the city.”