WORLDWIDE The Spa Chakra brand that operated spas at several upscale and luxury hotels worldwide abruptly ceased operations last week, offering hotel management almost no advance notice and leaving hundreds of hotel guests with unfulfilled appointments.
Founded in Australia in 1998, Spa Chakra operated about 15 locations worldwide. Among the hotels that leased space to Spa Chakra were The Ritz-Carlton, Marina del Rey; The Palmer House Hilton, Chicago; Conrad Indianapolis; and The W Retreat & Spa, Vieques Island.
Spa Chakra filed for Chapter 11 bankruptcy protection in December, when it announced plans to sell its assets to Hercules Technology Growth Capital, a Palo Alto, California-based venture capital and private equity firm. Hercules completed the acquisition in March, saying that it had planned “to grow the company and expand the management team over the coming weeks and months as it looks to expand Spa Chakra.”
Conrad Indianapolis plans to reopen its spa under in-house management by October, GM Greg Tinsley tells Indianapolis Business Journal.