Holiday-home park operator Park Leisure plots £170m sale
Another of the UK’s holiday-home park operators is hoisting the “for sale” sign after a deluge of deals across the industry.
Sky News understands that Midlothian Capital Partners, the private equity backer of Park Leisure, has asked Rothschild to field bids for the business.
Sources said the company was expected to command a price tag of around £170m.
Park Leisure owns 11 holiday-home resorts across the UK, including Oyster Bay in Cornwall and Ribble Valley in Lancashire.
Bourne Leisure recently picked investment bankers to conduct an auction of staycation giant Butlin’s
Like rivals, it has seen a surge in demand amid a boom in staycations fuelled by the pandemic.
Several other holiday park operators have changed hands this year, with the UK’s largest, Parkdean Resorts, expected to be sold in the coming months.
Park Holidays was recently sold to Sun Communities, a real estate investment trust, for £950m, while CVC Capital Partners acquired Away Resorts, another big player in the sector, earlier this year.
Last weekend, Sky News revealed that Butlin’s was being put for sale by Bourne Leisure, its parent company.
Industry sources say that Park Leisure is likely to appeal to existing players as well as financial buyers.
Midlothian declined to comment.