Celebrity spa haunt Champneys to explore £250m sale

The proprietor of Britain's supreme-known spa hotel has known as in bankers to attend explore strategic concepts on the eve of its centenary. Sky News has learnt that Champneys has appointed Cavendish to picture it on attainable deal opportunities, including the acquisition of a recent dwelling as successfully as a sale of the enterprise.

The company's net sites are known for his or her A-checklist celeb clientele, including Daniel Craig, Anthony Joshua, Kate Moss, Brad Pitt and Naomi Campbell. Money most recent: Warning for millions of mortgage borrowers Diana, Princess of Wales, used to be moreover acknowledged to be a frequent Champneys guest.

The chain now contains a handful of net sites, including at Wooded space Mere in Hampshire and the everyday Henlow spa in Bedfordshire. Champneys is now understood to be in talks to finalise the addition of a further dwelling by shopping an gift spa hotel.

The company used to be previously owned by the unhurried Dorothy Purdew, who died final year. It's far now dash by her son Stephen.

Image: Pic: Champneys

It used to be unclear on Friday whether or now not Mr Purdew would steal into consideration selling a controlling stake in the company or whether or now not any course of will be restricted to a minority stake. Leisure industry sources acknowledged that a majority stake will be liable to blueprint passion from hotel chains, property investors and deepest equity funds. Means bidders are expected to start being sounded out in the contemporary year. Reports final year acknowledged that the company had implied it used to be rate £300m, despite the truth that market sources instructed that a lower valuation used to be likely given tricky stipulations in the hospitality sector. To boot to its resort spas, Champneys operates loads of day spas, an training and practising enterprise and sells a range of non-public care products thru rather a number of stores. Accounts filed at Firms Home for Champneys Henley Restricted for the year ended 30 April 2023 ticket that turnover used to be flat at about £56.5m, but with a pre-tax loss of merely over £5m.

Read more: Transport Secretary resigns after cell phone responsible plea First research inner restored Notre-Dame cathedral "The successfully being resort, hotel and spa market remains highly competitive," the accounts acknowledged. "True thru the year, hiss competitors from hotels with spa amenities, native specialist spa amenities and indirect competitors from the leisure industry are the well-known challenges facing the enterprise, alongside with the continuing global pandemic which has impacted the hospitality sector."

A public members of the family company which represents Champneys acknowledged it had been unable to contact its client, whereas Cavendish declined to commentary.

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