Major holiday park group becomes part of United States company
Park Holidays UK offers touring, rental and holiday home and lodge purchase. Its parks are mainly in the south of England, but it also has a park in the Midlands, two in the north and one in Scotland.
The company says the £950 million acquisition, by Sun Communities, Inc. (known simply as Sun) will enable expansion of its parks portfolio and further investment in its existing holiday centres.
Tony Clish, Park Holidays UK Director, said,
John McLaren, Sun's President and Chief Operating Officer, said that an extremely dynamic partnership had been created by the acquisition.
Sun is one of the largest owners and operators of manufactured housing, recreational vehicle and marina properties. The acquisition was agreed in November 2021, and concluded this month (April) following approval from the Financial Conduct Authority.
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