Councillor Graves said:
“This is a great day for Derbyshire and for the people of Buxton in particular with the future of the hotel secured. Built in the 1780s by the Fifth Duke of Devonshire as the centrepiece of his Georgian Spa development, the Crescent is an important piece of Buxton’s past history and today’s tourism economy.
"Securing the future operation of Buxton Crescent will protect jobs in the town and continue to attract visitors to the area. I’m also pleased to confirm that as part of the sale of the hotel business to Champneys the original loan made by Derbyshire County Council to the hotel which led the project to restore the nationally important and unique Grade 1 Listed Building and adjoining Grade 2 Listed Natural Baths will be repaid.”
Alan Whiteley, CEO of Champneys said:
“Our 100th year is a celebration of wellness innovation, and Buxton Crescent perfectly aligns with our vision. We are thrilled to combine our expertise with this historic spa, blending centuries-old heritage with modern luxury and care. Our aim is to create a sanctuary where guests can truly focus on their health, recharge their energy and be inspired.”
Theo Hajoglou, Director, Cheyne Capital, added:
“We are delighted to extend our successful relationship with Champneys through this latest acquisition. Buxton Crescent is a property of exceptional heritage and quality that has been enhanced by its recent major restoration, and it will no doubt be a valuable addition to Champneys world-class spa hotel portfolio.”
Champneys will ensure continuity for colleagues at Buxton Crescent, welcoming the existing team into the Group. Building on the good work since the Crescent reopened, it will maintain momentum by working with local partners and suppliers so that the economic benefit remains in Buxton, supporting the town’s visitor economy all year round.
Trevor Osborne, speaking on behalf of CP Holdings and the Trevor Osborne Property Group which are the previous owners of the business, said:
“We are delighted that our vision, our endeavours, our passion and our deep love for Buxton will be in the hands of Champneys who share a love of creating special places. We leave our legacy in these capable hands and in a good place for the future success for the hotel and of the town of Buxton.”
The hotel building remains the property of the county council and High Peak Borough Council.