Month: November 2015

Green Light For Flintshire Expansion

Posted on November 18, 2015

Green Light For Flintshire Expansion

Small businesses in parts of Flintshire are set to benefit from a halfmillion pound boost in tourism income after an award-winning holiday park

Tree Tops Caravan Park has received the green light by Flintshire Council for an additional 52 holiday home plots.

Tree Tops Caravan Park has received the green light by Flintshire Council for an additional 52 holiday home plots.

was given the go-ahead to expand. Tree Tops Caravan Park in the village of Gwespyr has received the green light by Flintshire Council for an additional 52 holiday home plots. The family-owned park says the development will meet an urgent need for more holiday homes in the region, and will create an estimated £500,000 of visitor spending. Maureen Walker, Tree Tops’ managing director said: “High quality holiday parks bring massive economic benefits to rural regions, and are the life-blood of many small businesses, such as pubs, shops, restaurants and attractions.” Work on the new plots will start as soon as possible, and it’s hoped the first of the new caravan holiday homes will be sold this year. The new development will be designed to provide a number of additional environmental gains, including new plantings and wildlife habitats.

£960 Million Parks Merger Deal

Posted on November 13, 2015

£960 Million Parks Merger Deal

The proposed merger of Park Resorts with Parkdean Holidays will create the UK’s largest holiday park operator.

The proposed merger of Park Resorts with Parkdean Holidays will create the UK’s largest holiday park operator.

A planned merger between Park Resorts and Parkdean Holidays would create the UK’s largest holiday park operator with 73 holiday parks with an enterprise value of £960m, turnover of £370m and EBITDA of around £92m. The combined portfolio would serve 1.8 million customers including 22,200 caravan owners and 35,400 pitches. With Parkdean’s strength in the South West and Scotland, and Park Resort’s sites predominately located on the East Coast and the Northwest, including the Lake District, the merger combines diverse portfolios to create a business with UK wide, national coverage. If given the go ahead by the Financial Conduct Authority, John Waterworth, the current chief executive of Newcastle-based park operator Parkdean Holidays is to remain in the top role. Both head offices in Newcastle and Hemel Hempstead will be retained. Alan Parker, chairman of Park Resorts, said: “The Park Resorts Group and Parkdean Holidays are an outstanding strategic fit with highly complementary estates and revenue mixes. “I am greatly looking forward to working with the teams to deliver further growth.”

Parkdean Ltd
Telephone: 0191 256 0795
www.parkdean.com

Park Resorts
Telephone: 0843 561 1239
www.park-resorts.com