Luxury spa resort brand Champneys has secured £32 million in funding from investment manager Cheyne Capital to support a major refurbishment programme across its portfolio.
The investment will fund upgrades to all bedrooms and public areas at Champneys’ four spa resorts and two spa hotels. It will also fund improvements to its food and beverage offering.
The investment will also accelerate Champneys’ sustainability initiatives, with a particular focus on waste reduction.
At the same time, the company is pursuing domestic and international expansion through management contract and franchising models, following the successful launch of its first overseas location – the Gran Marbella Resort & Beach Club in Spain, which opened earlier 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 a financial partner to Champneys since 2022.
Founded in 1925, Champneys now operates four spa resorts, two spa hotels, and two city spas across Hampshire, Bedfordshire, Leicestershire, Hertfordshire, Kent, Cheshire, London, and Spain.
