Travaasa: New York company buys luxury resort, plans extensive renovations (PHOTOS)

Travaasa Austin, a idyllic resort and spa on the north shore of Lake Travis that is bringing in solid revenue numbers, has been purchased by Miraval Group. The New York-based investor is focusing on building a destination wellness brand. Currently, it operates Miraval Arizona Resort & Spa in Tucson, Arizona, and Miraval Life in Balance Spa at Monarch Beach Resort in Dana Point, California. Travaasa, which will undergo a big expansion, will be rebranded as Miraval Austin when renovations are completed...