AWARD winning wellness spa Peninsula Hot Springs is looking for a new owner, with an expression of interest for the sale of the venue being run by JLL Hotels & Hospitality Group.
Peninsula Hot Springs was founded in 1997 by brothers Charles and Richard Davidson, inspired by Charles’s experience visiting hot springs in Japan.
In the same year they purchased 42 acres of cleared bushland in the rolling sand dunes of Fingal, envisioning an Australian-style retreat that blended with the natural landscape.
In early 2002 the Davidson brothers finally struck hot springs 637 metres underground after 18 months of drilling.
The hot springs have developed significantly over the ensuing years with Bharat Mitra and Bhavani Lev, owners, and founders of Organic India, buying into the business in 2014.
Richard stepped away from the business in 2015, and died unexpectedly the same year.
The latest developments at the hot springs includes the addition of on-site accommodation with eco lodges and glamping facilities. This adds to the hot springs, restaurant and cafes, spa treatments, and retail store previously developed.
The JLL Hotels & Hospitality Group listing states “This distinguished wellness destination, on the Mornington Peninsula, offers a unique investment opportunity. The market-leading property features over 70 globally inspired geothermal bathing experiences, comprehensive amenities including a spa, dining venues, diverse accommodation options, and extensive wellness programs”.
“Set on 42 acres (17 hectares) of beautifully landscaped grounds, the property has a strong brand presence and proven track record. Aligned with growing wellness tourism trends and committed to sustainability and innovation, Peninsula Hot Springs presents significant potential for continued growth and success.”
The listing states investment highlights as:
- One-of-a-kind investment opportunity in the rapidly growing wellness tourism industry
- Award-winning, world-class spa and wellness facility
- Robust financial performance with proven 20 year track record
- Strong commitment to wellness and environmental stewardship
- Significant value-add potential with approved development permit for expansion.
First published in the Mornington News – 18 November 2025
