The Georgetown completed the acquisition of a 25% stake in Therme US from Therme Group.

The Georgetown, a developer and owner of commercial, retail, and mixed-use properties, completed the acquisition of a 25% stake in Therme US, a provider of thermal bathing and spa treatments to wellness programming and cultural engagement, from Therme Group, a global provider of creating large-scale wellbeing destinations that blend thermal bathing, wellness, and culture. Financial terms were not disclosed. "With Therme US, we're not simply creating a destination, we're redefining urban wellbeing. Just as Roman baths once served as essential centers for community connection, our thermae will provide dynamic spaces where people gather and thrive. I believe that, much like museums and libraries today, every great city will soon count a Therme as a vital urban amenity," Robert Hammond, Therme US President & Chief Strategy Office.