Wookey Hole enters holiday park sector

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Wookey Hole Caves has expanded its business by purchasing Bucklegrove Holiday Park in Cheddar Valley. The deal marks the first time the company has purchased a holiday park.

Daniel Medley, managing director at Wookey Hole Ltd, said: “When Bucklegrove Holiday Park came onto the market we saw immediately its strategic potential for our business. The holiday park sector is really buoyant and Bucklegrove’s stunning views across Somerset and great facilities attract thousands of visitors each year. We plan to build on this success and develop the site even further over the coming months.”

Wookey Hole is already a popular tourist attraction, boasting over 20 attractions, including its famous caves, a 4D cinema, circus shows and a mirror maze. Its entry into the holiday park market is a positive sign for this arcade-friendly sector and is another positive sign for FEC and amusements businesses heading into the 2017 season.

Purchasing the seven acres at Bucklegrove Holiday Park will provide an additional 41 static caravans, 125 touring caravan pitches and space for 20 tents to Wookey Hole’s accommodation. The attractions will also welcome new additions such as a leisure complex, a heated pool, bar, shop and children’s play area.

Stephens Scown LLP gave Wookey Hole legal advice for this deal. David Culshaw, partner in the corporate team, said: “It has been a good season for tourism businesses and investors are seeing holiday parks as a good investment. We have had several instructions for park purchases this summer. It is encouraging to see this sector performing so well.”

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