Champneys secures £32m funding to upgrade its spa hotels

Spa resort brand Champneys has secured £32m funding from investment manager Cheyne Capital to refurbish its sites.

The cash injection will be used to upgrade all bedrooms and public areas across Champneys’ portfolio of four spa resorts and two spa hotels, as well as enhance its food and beverage offering.

The investment is intended to accelerate Champneys’ sustainability initiatives, focusing particularly on waste reduction.

In the meantime, the resort business is looking to expand domestically and internationally through management contract and franchising models, as was the case with the launch of its first overseas outpost – the Gran Marbella Resort & Beach Club in Spain – this summer.

Theo Hajoglou, director at Cheyne Capital, said: “Our extended partnership with Champneys underscores our conviction in the strength of the business, its management team and the enduring appeal of the wellness sector. This latest investment will enable the company to accelerate its growth strategy, enhance its estate and continue setting the standard for premium health and wellbeing experiences.”

Alan Whiteley, chief executive at Champneys, added: “This renewed investment allows us to build on the legacy of Dorothy Purdew and her son Stephen Purdew, and continue modernising our resorts, investing in our people and improving every guest experience while staying true to our heritage. With Cheyne’s long-term support, we can protect our historic properties, strengthen our brand and expand responsibly – ensuring Champneys continues to set the benchmark for British wellness for the next 100 years.”

Cheyne Capital has been supporting Champneys since 2022.

Champneys was founded in 1925 and now operates four spa resorts, two spa hotels and two city spas across Hampshire, Bedfordshire, Leicestershire, Hertfordshire, Kent, Cheshire, London and Spain.