In a deal announced on January 18, the hotel corporation will pay $215 million for the Miraval brand and two resorts, Miraval Resort & Spa in Tucson, Ariz., and Travaasa in Austin, Texas, then invest an additional $160 million over the next few years to redevelop both properties and to acquire and redevelop a third, the Cranwell Spa & Golf Resort in Lenox, Mass. Miraval will live as a separate business unit within Hyatt.