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Nearly two years after announcing plans to come to the U.S., a European company known for its massive wellness-focused resorts has found a partner to help accelerate its expansion across the pond. 

Therme Group formed a joint venture with New York-headquartered The Georgetown Co. for the ownership and development of its U.S. business. The companies plan to build 10 projects of around 500K SF each in key U.S. cities, according to a release announcing the deal. 

Georgetown acquired a 25% equity stake in Therme U.S. and will serve as its exclusive development partner for all projects in America.