Used to re-finance and consolidate the group’s existing loan facilities, the loan will also support the group’s five-year business plan, which includes transforming the Springs property in Leicestershire and Mottram Hall in Cheshire into cutting-edge spa facilities.

Champneys has six resorts and hotels in the UK with a combined total of 538 beds and 249 treatment rooms and an average of 100,000 people visiting per annum.

“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,” said Theo Hajoglou of Cheyne Capital Real Estate.

“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.”