The sale of the Buxton Crescent Hotel business to Champneys, working alongside Cheyne Capital, has resulted in the full repayment of a Derbyshire County Council loan linked to the site’s redevelopment. The move provides financial certainty for the authority and marks a new phase for one of the region’s most high-profile hospitality assets.
Champneys will continue operating the hotel and retain its current workforce. The company plans to work with local partners to strengthen Buxton’s visitor economy, offering continuity for businesses and organisations that rely on the venue’s draw.
Councillor Graves said, “This is a great day for Buxton and Derbyshire. The future of this iconic hotel is secure, protecting jobs in the town and continuing to attract visitors to the area. And I’m pleased to confirm that the original loan provided by Derbyshire County Council to support the restoration of the Grade I Listed Crescent and adjoining Natural Baths has now been fully repaid.”
Only the hotel business has changed hands. The building remains in joint public ownership between Derbyshire County Council and High Peak Borough Council, ensuring continued stewardship of the Grade I Listed property as Champneys takes over day-to-day operations.
