Champneys secures multimillion-pound loan deal

25 July 2022

Champneys has secured a £108m loan from global alternative asset manager Cheyne Capital.

Champneys has six resorts and hotels in the UK with a combined total of 538 beds and 249 treatment rooms.

The loan will be used to re-finance and consolidate Champneys Health Resorts' existing loan facilities.

It will also support the group's five-year business plan, including renovations of the grade II-listed Mottram Hall in Cheshire and the Springs property in Leicestershire.

Alan Whiteley, chief executive at Champneys, said: "Part of Champneys' long and successful legacy as the UK's original and largest spa group has been its ability to adapt and stay ahead of the curve.

"With many new facilities and innovative treatments in development, we're delighted to be entering into this exciting new chapter with Cheyne Capital Real Estate."

Theo Hajoglou, of Cheyne Capital Real Estate, added: "As we emerge from the pandemic, two factors are clear. Firstly, that there is significant demand to travel once more and, secondly, that health and wellbeing is a major priority for consumers.

"We are therefore pleased to be working with Champneys Health Resorts, both a premier hotel group and a world-renowned leader in the wellness space, and to support their efforts to maintain a state-of-the-art experience for their guests."

Duxhill Associates arranged the transaction.

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