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NEWS
Center Parcs UK put up for sale with a price tag of £5bn
POSTED 17 May 2023 . BY Tom Walker
Center Parcs made a £66m profit in the year to April 2022 Credit: Center Parcs
Center Parcs UK and its six holiday villages have been put up for sale
The business is owned by Canadian private equity firm, Brookfield
Brookfield is believed to be looking for around £4bn-£5bn for the business
Center Parcs UK operates five holiday villages in England and one in Ireland
Center Parcs UK and its six holiday villages have been put up for sale by its Canadian owner, Brookfield.

The private equity group – which specialises in property and renewable power – is believed to be looking for around £4bn-£5bn for the business, which it acquired from US-based private equity group, Blackstone, in 2015 for £2.4bn.

Brookfield's plans to sell the business come at a time when interest rates are expected to increase even further – which could put some investors off.

However, according to the Financial Times, the sale is believed to include around £2bn in existing debt, which could make a deal easier – as raising new financing could be difficult on the current climate.

According to its latest full-year results, Center Parcs' sales quadrupled to £503m in the year to April 2022, compared with the pandemic-affected year before. EBITDA was £245.6m.

Center Parcs opened its first UK park, Sherwood Forest in Nottinghamshire, in 1987, before opening new sites at Elveden Forest, Longleat Forest, Whinfell Forest and Woburn Forest.

In 2019, it opened its first village in Ireland at the Longford Forest near Ballymahon in County Longford, adding to its five English sites.

In 2021, Center Parcs announced plans to develop a seventh site in Southern England. The company had secured an option to acquire 553 acres of privately owned woodland in West Sussex, but pulled out of the deal due to environmental concerns.
RELATED STORIES
  Center Parcs announces plans for sixth UK holiday village


Center Parcs is set to develop its sixth UK holiday village in Southern England.
  Aqua Sana relaunches Longleat Forest spa after £6m investment


The Aqua Sana spa at Center Parcs Longleat Forest, UK has relaunched with a new name and concept following a £6m refurbishment.
  Ireland's first forest spa to open at Center Parcs Longford Forest


Ireland's first Forest Spa, the Aqua Sana Spa, is set to open at the upcoming Center Parcs Longford Forest resort in Ballymahon, Ireland.
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Vogue hand-picks 100 of the world’s best spas to curate Global Spa Guide
Conde Nast’s iconic fashion and lifestyle publication Vogue has created a list of 100 of the world's leading spas, known as the Global Spa Guide.
Good Spa Guide report reveals diverse spa preferences and spending habits across age groups
Results are in for the latest Good Spa Guide (GSG) consumer survey, with this year's findings categorised into five life stages to better understand different people’s priorities when visiting spas.
Global Wellness Summit 2024 to make waves in Scotland with theme “A Watershed Moment for Wellness”
The 2024 Global Wellness Summit (GWS) is set to make a splash in Scotland from 4-7 November, with the theme “A Watershed Moment for Wellness”.
Influencer Anna Lewandowska reveals plans for a new 'wellness paradise' called Edan Studios in Barcelona
Fitness influencer and karate champion, Anna Lewandowska, has announced the launch of a multi-concept boutique in Barcelona called Edan Studios based on HIIT, Pilates and dance.
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NEWS
Center Parcs UK put up for sale with a price tag of £5bn
POSTED 17 May 2023 . BY Tom Walker
Center Parcs made a £66m profit in the year to April 2022 Credit: Center Parcs
Center Parcs UK and its six holiday villages have been put up for sale
The business is owned by Canadian private equity firm, Brookfield
Brookfield is believed to be looking for around £4bn-£5bn for the business
Center Parcs UK operates five holiday villages in England and one in Ireland
Center Parcs UK and its six holiday villages have been put up for sale by its Canadian owner, Brookfield.

The private equity group – which specialises in property and renewable power – is believed to be looking for around £4bn-£5bn for the business, which it acquired from US-based private equity group, Blackstone, in 2015 for £2.4bn.

Brookfield's plans to sell the business come at a time when interest rates are expected to increase even further – which could put some investors off.

However, according to the Financial Times, the sale is believed to include around £2bn in existing debt, which could make a deal easier – as raising new financing could be difficult on the current climate.

According to its latest full-year results, Center Parcs' sales quadrupled to £503m in the year to April 2022, compared with the pandemic-affected year before. EBITDA was £245.6m.

Center Parcs opened its first UK park, Sherwood Forest in Nottinghamshire, in 1987, before opening new sites at Elveden Forest, Longleat Forest, Whinfell Forest and Woburn Forest.

In 2019, it opened its first village in Ireland at the Longford Forest near Ballymahon in County Longford, adding to its five English sites.

In 2021, Center Parcs announced plans to develop a seventh site in Southern England. The company had secured an option to acquire 553 acres of privately owned woodland in West Sussex, but pulled out of the deal due to environmental concerns.
RELATED STORIES
Center Parcs announces plans for sixth UK holiday village


Center Parcs is set to develop its sixth UK holiday village in Southern England.
Aqua Sana relaunches Longleat Forest spa after £6m investment


The Aqua Sana spa at Center Parcs Longleat Forest, UK has relaunched with a new name and concept following a £6m refurbishment.
Ireland's first forest spa to open at Center Parcs Longford Forest


Ireland's first Forest Spa, the Aqua Sana Spa, is set to open at the upcoming Center Parcs Longford Forest resort in Ballymahon, Ireland.
MORE NEWS
Vogue hand-picks 100 of the world’s best spas to curate Global Spa Guide
Conde Nast’s iconic fashion and lifestyle publication Vogue has created a list of 100 of the world's leading spas, known as the Global Spa Guide.
Good Spa Guide report reveals diverse spa preferences and spending habits across age groups
Results are in for the latest Good Spa Guide (GSG) consumer survey, with this year's findings categorised into five life stages to better understand different people’s priorities when visiting spas.
Global Wellness Summit 2024 to make waves in Scotland with theme “A Watershed Moment for Wellness”
The 2024 Global Wellness Summit (GWS) is set to make a splash in Scotland from 4-7 November, with the theme “A Watershed Moment for Wellness”.
Influencer Anna Lewandowska reveals plans for a new 'wellness paradise' called Edan Studios in Barcelona
Fitness influencer and karate champion, Anna Lewandowska, has announced the launch of a multi-concept boutique in Barcelona called Edan Studios based on HIIT, Pilates and dance.
Luxury 20-treatment-room spa launches in Türkiye at Maxx Royal Bodrum Resort
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Victoria Brownlie recognised with MBE for services to beauty and personal care industry
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FEATURED SUPPLIERS

Embrace the chill: TechnoAlpin's Snowsky revolutionises post-fitness recovery with falling snow
In the fast-paced world of fitness and wellness, where high-intensity workouts push us to our limits and the sweat pours, the importance of efficient recovery cannot be overstated. [more...]

Swissline’s face-saving summer solutions for oily, acne-prone skin
During the summer, hot and humid weather and pollution can activate excess sebum production, leading to clogged pores and acne. [more...]
+ More featured suppliers  
COMPANY PROFILES
Global Project & Spa Advisory

The company was launched in 2012 by CEO Patrick Saussay and Christopher Ryan. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

22-22 Jun 2024

World Bathing Day

Worldwide,
22-24 Jun 2024

IECSC Las Vegas

Las Vegas Convention Center, Las Vegas, United States
+ More diary  
 


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Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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