Hoseasons bought for £51m by Wyndham
Sunday, 23 Feb, 2010
0
UK household holiday name Hoseasons is to be bought by Wyndham Worldwide for £51 million.
The European arm of Wyndham Worldwide, Wyndhams European Rentals, already owns English Country Cottages, Scottish Country Cottages, cottages4you, Welcome Cottages, Chez Nous and Canvas Holidays in the UK and the move will mean the coming together of two of the largest UK domestic operators.
Hoseasons has over 15,000 lodges, cottages, villas, caravans and boats across Europe whilst Wyndham’s European rentals business has over 60,000 properties in 20 countries.
The purchase is still subject to consent by the Financial Services Authority.
Wyndham Worldwide also owns the Ramada, Travelodge and Days Inn brands.
Chairman and CEO Wyndham Worldwide Stephen P Holmes said: “The purchase of Hoseasons is a great example of how we are deploying a portion of our free cash flow to supplement organic growth with opportunistic acquisitions. Hoseasons offers a strong strategic fit with our European rentals business and an attractively-priced opportunity to continue to grow our fee-for-service businesses.”
CEO Wyndham Exchange & Rentals Geoff Ballotti added: “Hoseasons is a highly successful business and a consumer icon in the UK, complementing Wyndham’s existingrentals brands in terms of product offering, customer service and values. This acquisition enables us to provide European vacationers with a great selection of inventory, all backed by Wyndham Worldwide, one of the most trusted names in vacation rentals.”
By Dinah Hatch
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
TAP Air Portugal to operate 29 flights due to strike on December 11
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Airbnb eyes a loyalty program but details remain under wraps