United Kingdom
United States
Asia Pacific
Sun Communities completes Park Holidays UK acquisition
US real estate investment trust Sun Communities has completed the acquisition of one of Britain’s largest holiday park groups, Park Holidays UK.
The £950 million acquisition was originally agreed in November 2021, and closed this month following approval from the Financial Conduct Authority.
Sun’s backing will enable Park Holidays UK, which owns and manages 42 parks in the UK, to continue to invest in and further expand its parks portfolio.
Sun is one of the largest owners and operators of manufactured housing, recreational vehicle and marina properties.
Park Holidays UK Director Tony Clish said the acquisition will lead to a period of growth for the company:
“The domestic holiday market continues to gain traction in the post-Brexit and post-pandemic environment, and we are seeing an ever-increasing demand for UK holidays,” Clish said.
“This partnership with Sun will bolster our ability to acquire new parks, and to continue driving up quality standards by making additional investments.
“We are excited to welcome the Park Holidays’ team members, holiday homeowners and guests to the Sun family,” said John McLaren, Sun’s President and Chief Operating officer.
Ray Monty
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
Abercrombie & Kent hails $500 million funding boost
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’