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Hyatt Hotels affiliate picks up wellness brand Exhale Enterprises

A Hyatt Hotels Corp. affiliate acquired wellbeing brand Exhale Enterprises Inc. for an undisclosed sum.

Exhale, which offers spa therapies and fitness programs, has more than 20 locations in key U.S. and Caribbean markets and more than 1,000 associates.

Following the acquisition, Exhale became a stand-alone business as part of Hyatt's wellness category.

Imperial Capital LLC was the financial adviser to Exhale on the transaction.