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PRODUCT NEWS
Center Parcs UK put up for sale with a price tag of £5bn
17 May 2023 . BY Tom Walker
Center Parcs made a £66m profit in the year to April 2022 / Center Parcs
Center Parcs made a £66m profit in the year to April 2022 / Center Parcs
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.
PRODUCT NEWS
Elemis’ first standalone store to open in London’s Covent Garden
British spa and skincare giant Elemis is making a grand entrance into London's retail scene, handpicking Covent Garden's Seven Dials for its inaugural standalone store.
Myndstream teases new breathwork series in collaboration with Grammy Award winner Peter Kater
Freddie Moross, founder of wellness music provider Myndstream, has announced plans to launch Spiritus – a brand new breathwork series by Grammy Award-winning musician and composer Peter Kater – onto the company’s music streaming service, The Stream.
Full Balance reveals all-natural reflexology board
Austrian-based Full Balance has created a Big Foot massage board for communal spa areas which guests stand on to "closely mimic the experience of professional reflexology treatments".
Scottish spa industry to gather at first-ever Spa Life Scotland event
Industry event organisation Spa Life is gearing up for the first-ever Spa Life Scotland Convention, due to be hosted at the Radisson Blu Hotel in Glasgow from 28-30 April.
We Work Well organises annual pre-ISPA charity hike in Scottsdale
We Work Well founders Monica Helmstetter and Lucy Hugo have called on ISPA members to join their annual SpasPushingLimits charity hike in Phoenix, Arizona, on 22 April.
MyEquilibria combines art and outdoor exercise
"We summarise what we do in two words – functional art," says Gian Luca Innocenzi, CEO and founder of MyEquilibria, which specialises in high-end outdoor exercise equipment.
Sothys launches pro-ageing Sun Range
French spa brand Sothys has developed the Sun Range to protect the skin against sun damage.
Bioline Jatò unveils revamped Primaluce Exfo&White line and facial
Bioline Jatò has reformulated its Primaluce Exfo&White skincare line, 30 years after it first launched.
Gaia Skincare expands presence in UK and Europe with four new spa accounts
Spa and wellness brand, Gaia Skincare, has announced it’s collaborating with another four spa partners in the UK and Europe.
Immunocologie strikes up partnership with Satteva Wellness Group
NYC-based lifestyle, spa and skin science brand Immunocologie Skincare has embarked on a strategic collaboration with Satteva Wellness Group, marking its foray into the Latin American market.
Myndstream partners with SleepScore Labs to reveal hidden power of spa treatments in improving sleep
Global wellness music provider Myndstream has released the second episode of its new educational content series Mastermynds, in partnership with Universal Companies.
Art of Cryo's 12-person cryochamber breaks four world records
Cryotherapy supplier Art of Cryo has created a new 12-person walkthrough cryotherapy chamber at Cryo Center Coolzone Madeira, claimed to be the largest cold therapy treatment experience in the world.
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Chief Executive Officer, Mount Batten Centre
Mount Batten Group
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Job location: mount batten centre, plymouth , United Kingdom
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COMPANY PROFILES
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Founded in 2001, TAC is an owner-managed company with more than 110 employees and four locations: in [more...]
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Power Plate is owned, manufactured and distributed by Northbrook, Ill.-based Performance Health Syst [more...]
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22-24 Apr 2024

UK Aufguss Championships

Galgorm Resort, York,
23-25 Apr 2024

ISPA Conference 2024

Phoenix Convention Center, Phoenix, United States
+ More diary  
 
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©Cybertrek 2024
Uniting the world of spa & wellness
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News   Products   Magazine   Subscribe
PRODUCT NEWS
Center Parcs UK put up for sale with a price tag of £5bn
17 May 2023 . BY Tom Walker
Center Parcs made a £66m profit in the year to April 2022 / Center Parcs
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.
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PRODUCT NEWS
Elemis’ first standalone store to open in London’s Covent Garden
British spa and skincare giant Elemis is making a grand entrance into London's retail scene, handpicking Covent Garden's Seven Dials for its inaugural standalone store.
Myndstream teases new breathwork series in collaboration with Grammy Award winner Peter Kater
Freddie Moross, founder of wellness music provider Myndstream, has announced plans to launch Spiritus – a brand new breathwork series by Grammy Award-winning musician and composer Peter Kater – onto the company’s music streaming service, The Stream.
Full Balance reveals all-natural reflexology board
Austrian-based Full Balance has created a Big Foot massage board for communal spa areas which guests stand on to "closely mimic the experience of professional reflexology treatments".
Scottish spa industry to gather at first-ever Spa Life Scotland event
Industry event organisation Spa Life is gearing up for the first-ever Spa Life Scotland Convention, due to be hosted at the Radisson Blu Hotel in Glasgow from 28-30 April.
We Work Well organises annual pre-ISPA charity hike in Scottsdale
We Work Well founders Monica Helmstetter and Lucy Hugo have called on ISPA members to join their annual SpasPushingLimits charity hike in Phoenix, Arizona, on 22 April.
MyEquilibria combines art and outdoor exercise
"We summarise what we do in two words – functional art," says Gian Luca Innocenzi, CEO and founder of MyEquilibria, which specialises in high-end outdoor exercise equipment.
Sothys launches pro-ageing Sun Range
French spa brand Sothys has developed the Sun Range to protect the skin against sun damage.
Bioline Jatò unveils revamped Primaluce Exfo&White line and facial
Bioline Jatò has reformulated its Primaluce Exfo&White skincare line, 30 years after it first launched.
Gaia Skincare expands presence in UK and Europe with four new spa accounts
Spa and wellness brand, Gaia Skincare, has announced it’s collaborating with another four spa partners in the UK and Europe.
Immunocologie strikes up partnership with Satteva Wellness Group
NYC-based lifestyle, spa and skin science brand Immunocologie Skincare has embarked on a strategic collaboration with Satteva Wellness Group, marking its foray into the Latin American market.
Myndstream partners with SleepScore Labs to reveal hidden power of spa treatments in improving sleep
Global wellness music provider Myndstream has released the second episode of its new educational content series Mastermynds, in partnership with Universal Companies.
Book4Time unveils enhanced day and resort pass functionality
Book4Time has announced the launch of Day & Resort Passes on its award-winning platform to help hotels and resorts drive staycation business.
+ More products   
 
COMPANY PROFILES
TAC - The Assistant Company

Founded in 2001, TAC is an owner-managed company with more than 110 employees and four locations: in [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

22-24 Apr 2024

UK Aufguss Championships

Galgorm Resort, York,
23-25 Apr 2024

ISPA Conference 2024

Phoenix Convention Center, Phoenix, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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