Industry Leisure / Holiday | Founded 2015 | |
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Type Private Limited Company Predecessor Parkdean Holidays
Park Resorts Headquarters Newcastle upon Tyne / Hemel Hempstead Number of locations 73 holiday parks in the UK | ||
Parkdean Resorts is a holiday park operator in the United Kingdom.
Contents
Parkdean Resorts was formed in November 2015 through the merger of Parkdean Holidays and Park Resorts. Operating 73 holiday parks across England, Scotland and Wales, Parkdean Resorts is currently the largest holiday park operator in the UK.
Parkdean operated 24 holiday parks across South West England, South Wales, Scotland and East Anglia while Park Resorts operated 48 holiday parks across the South and East coast of England, Scotland, Wales and the Isle of Wight. In July 2016 the business acquired Vauxhall Holiday Park based in Great Yarmouth which caters to 80,000 holidaymakers a year.
Parkdean Resorts' CEO is John Waterworth, formerly Parkdean's Chief Executive.
Legacy brands
Parkdean Holidays was formed in November 1999 with a management buyout of Trecco Bay Holiday Park in Wales for £21.4 million, and has since grown through a ‘buy and build’ strategy, growing to operate 24 parks in 2015. Parkdean Holidays was acquired by Alchemy Partners in March 2006, valuing the Company at £139.7m.
Park Resorts was created in March 2001 when CBPE (Close Brothers Private Equity), in partnership with a management buy-out team of three led by David Vaughan, decided to purchase twelve Haven freehold caravan parks from Bourne Leisure Ltd. The deal was finalised in May 2001 at a reported cost of £46m. Park Resorts has grown from 12 Caravan Parks in 2001 to 48 Holiday Parks in 2015. Park Resorts management team and Epiris (formally Electra Partners) acquired the business in July 2013.
Merger
The merger of Parkdean Holidays and Park Resorts was completed in November 2015 following approval from both the Financial Conduct Authority and the Competition and Markets Authority.
Ownership changes
In December 2016 it was announced that Parkdean Resorts had been purchased by the Canadian private equity company Onex Corporation for £1.35bn from Alchemy & Epiris. Onex stated it plans to invest up to £600m into the newly acquired company. The purchase was completed on the 3rd March 2017.
Awards
In November 2016, Parkdean Resorts won three Gold Awards at the annual British Travel Awards.
Holiday parks operated by Parkdean Resorts
As of 2016, Parkdean Resorts operates 73 holiday parks across the UK.