A UK-based syndicate of private investors called Hotbed has invested in a £23.8m (30.2m euro, US$46.3m) deal to construct and operate a residential health spa in Essex, UK.
Called thelifehouse and located at Thorpe Hall near Colchester, it will be built on 135 acres of parkland and will be completed by late 2009.
According to CEO of Hotbed, Gary Robins, the decision to build a residential facility was made because those spas enjoy high levels of occupancy. Robins said: “The residential spa market is still under-developed in the UK.
“The market offers investors a yield producing, asset backed investment with good potential upside.”
There is already a five-room day spa called The Studio which has been trading profitably from the site since 2001.
Hotbed members have invested £2.3m (2.9m euro, US$4.49m) of the total sum for thelifehouse with the remaining £21.5m (27.3m euro, US$42m) provided as debt funding by Clydesdale bank.
The freehold for the property was acquired in 2000 and full planning permission has been granted.(See Spa Business news 08/03. To order, visit www.spabusiness.com)
A UK-based syndicate of private investors called Hotbed has invested in a £23.8m (30.2m euro, US$46.3m) deal to construct and operate a residential health spa in Essex, UK.
As the entrepreneur who started Wexer, Fresh Fitness, Fitness DK and Repeat, as well as being a former elite athlete, Rasmus Ingerslev’s life looked perfect from the outside, but onthe inside it was a different story. He talks to Kath Hudson about healing old wounds
Strength training is evolving,
driven by changing consumer
preferences. Julie Cramer talks
to innovators about how their
products are meeting this demand
Collaborations with the medical profession and greater aspirations around wellbeing are creating a need for more experts in our sector. It’s time to reboot our thinking around the workforce
Active Blackpool is deploying Cornerstone Connect, a new digital interface allowing
disparate information from multiple systems to be aggregated into one dataset, to support
its focus on reducing health inequalities and improving healthy life expectancy.
Swim England has strengthened its sector-leading Business Solutions offer with the launch of
its Learn to Swim Growth Plan, designed to help aquatic providers unlock sustainable
programme growth.
CoverMe, the UK’s leading fitness workforce management and recruitment platform, has
partnered with Jobs In. Fitness, the specialist executive search and advisory firm for the
fitness and wellbeing sector, to give operators a single route to talent at every level –
from frontline staffing to C-suite.
A UK-based syndicate of private investors called Hotbed has invested in a £23.8m (30.2m euro, US$46.3m) deal to construct and operate a residential health spa in Essex, UK.
Called thelifehouse and located at Thorpe Hall near Colchester, it will be built on 135 acres of parkland and will be completed by late 2009.
According to CEO of Hotbed, Gary Robins, the decision to build a residential facility was made because those spas enjoy high levels of occupancy. Robins said: “The residential spa market is still under-developed in the UK.
“The market offers investors a yield producing, asset backed investment with good potential upside.”
There is already a five-room day spa called The Studio which has been trading profitably from the site since 2001.
Hotbed members have invested £2.3m (2.9m euro, US$4.49m) of the total sum for thelifehouse with the remaining £21.5m (27.3m euro, US$42m) provided as debt funding by Clydesdale bank.
The freehold for the property was acquired in 2000 and full planning permission has been granted.(See Spa Business news 08/03. To order, visit www.spabusiness.com)
A UK-based syndicate of private investors called Hotbed has invested in a £23.8m (30.2m euro, US$46.3m) deal to construct and operate a residential health spa in Essex, UK.
As the entrepreneur who started Wexer, Fresh Fitness, Fitness DK and Repeat, as well as being a former elite athlete, Rasmus Ingerslev’s life looked perfect from the outside, but onthe inside it was a different story. He talks to Kath Hudson about healing old wounds
Strength training is evolving,
driven by changing consumer
preferences. Julie Cramer talks
to innovators about how their
products are meeting this demand
Collaborations with the medical profession and greater aspirations around wellbeing are creating a need for more experts in our sector. It’s time to reboot our thinking around the workforce
If the health service is to
survive, we must recognise
that it is a disease service
– and that wellbeing rests with
us, says the activity advocate
and healthy ageing champion.
He talks to Kate Cracknell
For every member with a tripod and a big following, there are others irritated at the way equipment is being hogged or wary they’ll be in the background on someone’s Insta feed. Do influencers offer valuable, free marketing or are they just a nuisance? Kath Hudson finds out how operators are responding
Record market penetration in the UK
fitness sector masks a deeper shift
around consumer engagement, according
to a report from Grant Thornton and
UK Active, as Liz Terry reports
Active Blackpool is deploying Cornerstone Connect, a new digital interface allowing
disparate information from multiple systems to be aggregated into one dataset, to support
its focus on reducing health inequalities and improving healthy life expectancy.
Swim England has strengthened its sector-leading Business Solutions offer with the launch of
its Learn to Swim Growth Plan, designed to help aquatic providers unlock sustainable
programme growth.
CoverMe, the UK’s leading fitness workforce management and recruitment platform, has
partnered with Jobs In. Fitness, the specialist executive search and advisory firm for the
fitness and wellbeing sector, to give operators a single route to talent at every level –
from frontline staffing to C-suite.