PARK RESORTS ADDS SOUTH LAKELAND PARKS TO ITS PORTFOLIO…
South Lakeland Parks acquired by Park Resorts majority shareholder, Electra Partners
Electra Partners and Park Resorts worked in partnership to secure the business
Park Resorts total portfolio increases to 48 holiday parks
Secures expansion into the popular North West region
Park Resorts has reinforced its position as the UK’s leading holiday parks operator by adding South Lakeland Parks (“South Lakeland”) to its already impressive portfolio.
The addition of South Lakeland increases Park Resorts’ portfolio by nine holiday parks, making it the largest holiday parks operator in the UK with 48 sites across England, Scotland and Wales.
Park Resorts and its new majority shareholder, Electra Partners, worked together to acquire South Lakeland in a deal worth almost £50m. The acquisition comes only two months after Electra Partners led the refinancing of Park Resorts which will provide significant further investment in the parks to improve facilities across existing holiday parks.
“The North West is a region of the UK synonymous with family holidays and an area, up until now, we had no stake in,” says David Boden, CEO, Park Resorts. “South Lakeland’s nine parks are all high quality and will perfectly complement our existing portfolio. The parks are ideally located for owners and holiday makers to experience some of the most spectacular scenery the UK has to offer.”
Established in 1988, South Lakeland owns and operates nine high-quality holiday parks in the English Lake District and Morecambe Bay area. Its sites range from traditional caravan parks to larger holiday villages complete with leisure facilities and direct access to Lake Windermere.
Park Resorts is one of the UK’s leading holiday park operators with 48 holiday parks across England, Scotland and Wales. The company employs over 2,500 staff during the peak holiday season and is headquartered in Hemel Hempstead.
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