Tag: Park Holidays

Park Holidays cashes in on “well entrenched” staycation trend

Parks Holidays
Park Holidays has reported revenues of nearly £150m and profits of almost £35m as it continues to invest in its 29 strong portfolio of UK holiday parks. Results for 2017 show the company has increased its profits for the year to £34.6m, up from £31.8m a year earlier. Revenue for the operator also rose to £149.7m, up from £131.5m, which...

Permission granted for Park Holidays’ arcade

Park Holidays UK has been granted permission to build a new clubhouse and amusement arcade at New Beach Holiday Park, replacing the previous building - but to some opposition.   The current clubhouse, built in 1936, is the oldest of its kind in the country, with a former manager’s son stating the structure “is of national importance and is worth saving”. A...

Park Holidays UK to be sold to Tiger Bidco for £362m

Park Holidays UK is to be sold for £362m, after owners Caledonia Investments agreed a deal with Tiger Bidco. Caledonia, which purchased Gala Bingo in October 2015, has been the parent company of Park Holidays UK since acquiring it for £172m in 2013. The holiday park operator is the third largest in the country, with 26 venues across the South of...

Post-Brexit success the motive for cancellation of Park Holidays sale?

Coinslot Park Holidays Caravan
Caledonia Investments has cancelled the £250m sale of caravan park operator Park Holidays following June’s Brexit vote. Park Holidays is Britain’s fourth largest caravan operator, boasting 25 holiday parks in the South of England. Its performance has been buoyed by the rise in staycations, with earnings rising to £35m this year. When the sale was announced in March the mooted £250m...