News Formal

Center Parcs up for sale as Canadian owner Brookfield puts British holiday chain on the market for £5billion

  • 📰 LBCNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Center Parcs up for sale as owner puts beloved holiday resort on the market for £5billion

That price is double what equity firm Brookfield paid for it in 2015 when they purchased the group for £2.4 billion.

The price tag follows a surge in domestic family holidays following the pandemic, despite nationwide restrictions forcing the company to shut during lockdown. The group first opened its doors to visitors in UK and Ireland in 1987, going from strength to strength in recent decades. Founded by Dutch entrepreneur Piet Derksen, brewer Scottish & Newcastle bought the business from the businessman two years later.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 75. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Center Parcs is up for sale after owners put holiday resort chain on marketTHE popular holiday resort chain Center Parcs has been put up for sale for an eye-watering amount. The current owner, the Canadian private equity firm Brookfield, is hoping to raise between £4bn an…
Source: TheSun - 🏆 64. / 61 Read more »