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US: US real estate investment trust Sun Communities has agreed to sell its UK holiday park business, Park Holidays, to private capital manager Aermont Capital in a £768 million all-cash deal.
Park Holidays operates more than 50 holiday parks across the UK and has become one of the country’s largest holiday park operators since its launch in the 1980s.
Sun Communities said the sale will allow the company to focus on growing its core North American manufactured housing (MH) and RV business.
Charles Young, CEO of Sun Communities, said: “This exciting transaction allows us to focus on and drive growth through our core North American MH and RV platform.”
He added that the company would continue investing in its North American communities while pursuing further growth opportunities and returning capital to shareholders.
Jeff Sills, CEO of Park Holidays, thanked Sun Communities for its support during its ownership period and said the business was well positioned for future growth under Aermont Capital.
The transaction highlights continued investor interest in the UK holiday park and outdoor hospitality sector, which has seen sustained demand in recent years driven by domestic travel and staycation trends.
Highlights:
- Sun Communities has agreed to sell Park Holidays to Aermont Capital for £768 million.
- Park Holidays operates more than 50 holiday parks across the UK.
- The deal is expected to help Sun Communities focus on its North American MH and RV operations.
- Park Holidays CEO Jeff Sills said the business is entering a “new chapter” under Aermont ownership.
- The sale reflects continued investor interest in the UK holiday park sector.
