Wed, 14 Jul 2021 | BUSINESS SALE
The Beacon Fell View holiday park in Lancashire has been acquired by Hill Brothers Residential & Leisure parks from Hagans Leisure for £11 million. The off-market cash deal for the 35-acre park has been described as one of the UK’s biggest sales of an individual park this year, with domestic travel M&A booming as a result of COVID-19.
The four-star, fully landscaped park is located overlooking the Dilworth Upper Reservoir in Lancashire’s Dibble Valley. The park is licensed for 419 caravans and features a bar, gym, amusement arcade, indoor swimming pool and an entertainment venue. In addition, it has planning permission for further lodge development.
Following the acquisition of Beacon Fell View, its tenth holiday park, Hill Brothers confirmed its intention to target further expansion in the holiday park sector. Discussing the acquisition, Hill Brothers director Tom Hill said: "We see it as a great opportunity to expand our portfolio in the Ribble Valley, as parks of this quality and size don't often come to the market in the North West, and we look forward to further expansion in this sector.”
Robert Smithson, a senior surveyor at Colliers, which acted on behalf of Hagans Leisure on the deal, added: “Beacon Fell View was brought to the market confidentially as a rare asset, and it attracted significant demand which was crystalised in a short timescale with various offers.”
“This is one of the biggest individual park sales in the UK this year. The fact that it was achieved off-market to a cash buyer underlines the strength of the holiday parks sector, which was performing well before the pandemic and has since continued to flourish amid rising demand from holidaymakers seeking staycations offering fresh air and spacious accommodation in attractive locations.”
“Beacon Fell View also offers further opportunities for business growth, as there is planning consent for further lodge pitches and the majority of the site licences will expire next year.”
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