Cheyne Capital to fund Champneys £32m refurbishment

By Wendy Golledge

06 November 2025

www.champneys.com/

Global alternative investment manager Cheyne Capital has announced a renewed financial commitment to Champneys resorts.

The investment partnership includes a £32m capex facility, which will be used to refurbish and modernise all of Champneys’ resorts and hotels.

The announcement comes as Champneys marks its 100-year milestone. The business is focussed on evolving its guest experience, expanding sustainably and strengthening its position in the wellness travel sector.

Refurbishment plans will include bedrooms, public spaces, spa and wellness facilities, landscaping and F&B concepts.

“This renewed investment from Cheyne Capital allows us to build on the legacy of Dorothy Purdew OBE in what is an important next chapter for Champneys. With Cheyne’s long-term support, we can protect our historic properties, strengthen our brand, and expand responsibly”

Alan Whiteley

CEO, Champneys

“We will continue modernising our resorts, investing in our people and improving every guest experience while ensuring Champneys continues to set the benchmark for British wellness for the next 100 years,” adds Whiteley.

The investment programme will see enhanced sustainability measures introduced across the estate, modernising the brand for the next generation of wellness consumers.

There will be a focus on energy-efficient systems, waste reduction and environmental stewardship.

Outdoor thermal pool in high end health spa — The Outdoor Thermal Pool at Champney Forest Mere. Image: Jack Hardy

“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.”

Theo Hajoglou

Director, Cheyne Capital

Expansion plans

Founded in 1925, Champneys opened the UK’s first health spa in Tring. It now operates four spa resorts, two spa hotels and two city spas.

The brand is accelerating domestic and international growth via management and franchising, including its new opening at the Gran Marbella Resort and Beach Club in Spain.

Champneys partners with leading spa suppliers including Elemis, Voya, Natura Bissé, Proverb, Ashmira Botanica, Million Dollar Facial, Clarins, Lava Shell, Jennifer Young, House of Hair and Glazed by JC.

Terms of the deal were not disclosed.

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