Bridge buys more UK holiday parks
Bridge Leisure Parks has bought three additional holiday parks for a total investment of £11million.
They are Ashbourne Heights on the edge of the Peak District in Derbyshire; Hedley Wood near Bude on the Devon and Cornwall border, and Hengar Manor in Bodmin on the North Cornwall coast.
The group, which is backed by Phoenix Equity Partners, now owns and operates eight holiday parks across the UK.
Bridge Leisure reported turnover of £21.4 million in 2016, up 29% on the previous year.
Sandy Muirhead, partner at Phoenix and a director of Bridge Leisure, said: "These latest acquisitions are important steps in Bridge Leisure’s growth.
"The team has shown with past deals that they can add significant value to new parks by building pitches, investing in infrastructure and improving facilities to enhance the customer experience and create new jobs."
Andrew Howe, CEO of Bridge Leisure, added: "The staycation trend has accelerated because people have changed the way they take holidays – for many a fortnight in the sun has been replaced by several shorter breaks through the year.
"This trend, combined with the political and economic uncertainty, means the outlook for our market is strong."
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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