Some cheapskate revisionism in a place of relaxation (3)

I believe the answer is:

spa

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'place of relaxation' is the definition.
'spa' can be an answer for 'place' (I have seen 'place of treatment' mean 'spa' so perhaps 'place' could also mean 'spa'). I'm unsure of the 'of relaxation' bit.

I can't explain the rest of the clue.

Can you help me to learn more?

(Other definitions for spa that I've seen before include "Health resort near a spring" , "place of treatment" , "health centre" , "where health benefits are offered" , "Health resort at a mineral spring" .)

I've seen this clue in the Irish Times.

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