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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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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
Wellbeing strategist Dr Glenda Rivoallan to keynote Spa Life UK 2023
Industry event Spa Life UK is back for 2023 from 2-4 July at the De Vere Cotswold Water Park Hotel.
Kelleye Martin named spa director of The Houstonian’s Trellis Spa
Iconic Texas hotel and wellness destination Texas The Houstonian Hotel, Club & Spa has announced the appointment of Kelleye Martin as the new director of its Trellis Spa.
The Carlton Cannes opens the doors to Le C Club wellness retreat on the French Riviera
Just in time for the 2023 Cannes Film Festival, premium beachside hotel The Carlton Cannes in Cannes, France, has opened its brand new spa and fitness centre, Le C Club.
Peter Anderson joins HVS as managing director, wellness consulting practice leader
Hospitality consulting and intelligence firm HVS* has appointed Peter Anderson as a managing director and wellness practice leader within the Americas region.
Robust revenue growth at hotels with wellness offerings worldwide during 2022, finds RLA Global
Revenues at wellness hotels rose sharply in 2022 as demand rebounded, despite economic and geopolitical difficulties.
NWTO: Mountain tourism now accounts for up to 16 per cent of international tourist arrivals
Mountain tourism represents between nine and 16 per cent of all international tourist arrivals worldwide as people head for sport, health and wellbeing travel.
+ More news   
 
FEATURED SUPPLIERS

Introducing Living Earth Crafts' new Conforma Lux™ Adaptive Chest Comfort System
The spa industry’s most renowned manufacturer of premium spa equipment Living Earth Crafts is proud to introduce the Conforma Lux™ Adaptive Chest Comfort System, a new optional feature for its award-winning treatment tables. [more...]

How spas can tackle the current financial climate
Oliver Cahill, managing director of Premier Software part of Journey Hospitality, is well- versed in assisting spa operators world-over. As spa professionals and clients tackle the current cost of living crisis, we ask Oliver his supportive perspective. [more...]
+ More featured suppliers  
COMPANY PROFILES
Sauna360

We are Sauna360, the world’s leading sauna, infrared and steam manufacturer, encompass- ing a number [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

01-01 Jun 2023

Forum HOTel&SPA

Four Seasons Hotel George V, Paris, France
01-04 Jun 2023

Rimini Wellness

Rimini Exhibition Center, Rimini, Italy
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2023

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS