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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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The Peninsula London unveils Peter Marino-designed spa inspired by London’s famous parks
London has gained a substantial new urban spa in Belgravia following The Peninsula London’s grand unveiling of its subterranean Spa & Wellness Centre.
Auberge Resorts channels mindful movement for 2024 with exclusive Sanctum retreats
Global mindful movement specialist Sanctum will debut in the US in 2024 thanks to a new year-long partnership with Auberge Resorts Collection.
Google launches Gemini AI – its ChatGPT killer
Google has just released Gemini, a new AI which is being billed as a "ChatGPT Killer".
Bear Grylls launches meditation app for men
Survivalist, Bear Grylls has partnered with four mental health heavyweights and former TV producer, Neil Smith, to create an app targeted directly at men. Mettle is designed to promote sleep, help people manage stress and improve mental focus.
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Introducing Longevity Spa by Starpool
Starpool works to improve people’s quality of life and give real meaning to longevity. For the company, actively caring for physical and psychological wellbeing is an investment for both long- and short-term health. [more...]

Fashionizer Spa creates a seamless customer experience for clients far and wide
Distinguished uniform supplier Fashionizer Spa knows better than most the importance of customer experience. [more...]
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COMPANY PROFILES
Oakworks Inc

Oakworks is a US-based FSC-certified manufacturer of spa, massage, and medical equipment. [more...]
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Comfort Zone’s comprehensive face and body range allows clients to experience memorable facials and [more...]
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08-11 Jan 2024

Hot Springs Connection Conference

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25-28 Jan 2024

Les Thermalies, the water & well-being exhibition

Carrousel du Louvre, Paris, France
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©Cybertrek 2023
Uniting the world of spa & wellness
Get Spa Business and Spa Business insider digital magazines FREE
Sign up here ▸
News   Products   Magazine   Subscribe
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
The Peninsula London unveils Peter Marino-designed spa inspired by London’s famous parks
London has gained a substantial new urban spa in Belgravia following The Peninsula London’s grand unveiling of its subterranean Spa & Wellness Centre.
Auberge Resorts channels mindful movement for 2024 with exclusive Sanctum retreats
Global mindful movement specialist Sanctum will debut in the US in 2024 thanks to a new year-long partnership with Auberge Resorts Collection.
Google launches Gemini AI – its ChatGPT killer
Google has just released Gemini, a new AI which is being billed as a "ChatGPT Killer".
Bear Grylls launches meditation app for men
Survivalist, Bear Grylls has partnered with four mental health heavyweights and former TV producer, Neil Smith, to create an app targeted directly at men. Mettle is designed to promote sleep, help people manage stress and improve mental focus.
Workplace wellness – Health Foundation addresses growing crisis with creation of independent commission
An Independent Commission for Healthier Working Lives, supported by the Health Foundation, is being established to investigate the issue of declining health in the UK workforce and recommend action that can be taken by both the government and employers.
Gibbon Slacklines launches SlackFit programme to offer fresh option for group exercise
Gibbon Slacklines has announced the launch of the SlackFit, a series of playful group workout programmes that focus on core strength and balance.
+ More news   
 
FEATURED SUPPLIERS

Introducing Longevity Spa by Starpool
Starpool works to improve people’s quality of life and give real meaning to longevity. For the company, actively caring for physical and psychological wellbeing is an investment for both long- and short-term health. [more...]

Fashionizer Spa creates a seamless customer experience for clients far and wide
Distinguished uniform supplier Fashionizer Spa knows better than most the importance of customer experience. [more...]
+ More featured suppliers  
COMPANY PROFILES
Oakworks Inc

Oakworks is a US-based FSC-certified manufacturer of spa, massage, and medical equipment. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

08-11 Jan 2024

Hot Springs Connection Conference

Murrieta Hot Springs, United States
25-28 Jan 2024

Les Thermalies, the water & well-being exhibition

Carrousel du Louvre, Paris, France
+ 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