Champneys has extended its partnership with global alternative investment manager Cheyne Capital, with £32 million (US$41.1 million, €38 million) for capital expenditure for growth and refurbishment.

Cheyne Capital became a partner in 2022. The terms of this deal were not disclosed.

Refurbishment

This extended funding will be used across Champney’s portfolio of four spa resorts and two spa hotels.

All bedrooms and public areas are expected to be refurbished and the funds will also be used to enhance the spa and wellness facilities. Food and beverage concepts will be improved.

The investment is also expected to accelerate Champneys’ adoption and maintenance of sustainability systems.

Alan Whiteley, CEO, Champneys, told Spa Business, “At Champneys, we are always looking for ways to redefine the art of wellness. Guests can look forward to a comprehensive refurbishment of all bedrooms across our portfolio, ensuring each stay combines the highest standards of comfort with our signature ambience.

“Beyond the bedrooms, we are making extensive enhancements to our public areas and spa facilities,” added Whiteley. “This includes upgrading treatment rooms, expanding relaxation spaces and integrating the very latest in wellness technology. Our goal is to create environments where every moment, from the second you arrive to the moment you leave, feels restorative, indulgent and uniquely Champneys.”

Growth

Champneys, which is celebrating its 100th year of operation this year, will also use the funds to expand its domestic and international expansion efforts.

This includes growing its management and franchising model, which is the model for the Champneys Spa at the recently-opened Gran Marbella Resort and Beach Club in Spain.

The company appointed Adam Lawson as group general manager to drive its European expansion earlier this year.

Champneys has also hinted at further expansion in the UK under this model.

Whiteley added, “This renewed investment allows us to build on the legacy of Dorothy Purdew OBE and her son Stephen Purdew. 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.”