UK: US-based international resort operator Cove Communities has confirmed its purchase of Scottish family-owned holiday park chain Argyll Holidays, which operates eight parks across Argyll and Bute, for an undisclosed sum.
Cove Communities has recently been expanding its business across the UK, with recent acquisitions such as Medmerry Park in West Sussex for £3.5 million. Its UK portfolio will now also include the 300-acre site in Selsey, Bunn Leisure Family Resort, Kings Park in Essex and Gwel an Mor in Cornwall.
The company said that its interest in acquiring Argyll Holidays came down to its “unique locations and attractive tourism and lifestyle proposition”.
Mark Seaton, managing director of Cove UK, said: “Argyll Holidays represents everything that Cove looks for: stunning properties, beautiful and unique locations, and an aspirational lifestyle offering. Simply put, they are the best at what they do.”
Established in 1967, Argyll Holidays was established by the Campbell family, starting their development with the flagship park on Drimsynie Estate.
Today, Argyll Holidays has grown to eight holiday parks, surrounding the Loch Lomond and Trossachs area.
Argyll Holidays director Keith Campbell told BBC News: “Whilst we have been approached over the years by different buyers, Cove was the first company that we felt understood what we stand for and could continue what we started.”