Tue, 30 Nov 2021 | BUSINESS SALE
Sykes Holiday Cottages has added another 500 properties to its portfolio after acquiring a holiday cottage company based in Alnmouth. The deal for Northumbria Coast & Country Cottages takes Chester-based Sykes’ offering to 20,500 properties, following its recent acquisitions of Best of Suffolk, Abersoch Quality Homes and Pure Cottages Group.
The onset of the COVID-19 pandemic has prompted a resurgence in domestic holidaymaking in the UK since 2020. This has prompted a wave of M&A activity as holiday operators, private equity firms and other parties seek to tap into the soaring demand for UK holidays. Its string of recent acquisitions has made Sykes a major beneficiary of this.
Graham Donoghue, chief executive of Sykes Holiday Cottages, said: "Although we’re a national agency, we really strive to deliver a local service and partnering with businesses like Northumbria Coast & Country Cottages allows us to do just that. The team on the ground have a wealth of experience in the region and we’re looking forward to working with them to promote the holidays available in this beautiful part of the country."
Northumbria Coast & Country Cottages will now run as a sister agency to Sykes from its three offices in Alnmouth and Seahouses and continue with its local team of 17 employees.
Nikki Brierley, founder of Northumbria Coast & Country Cottages, said: "We’ve built a great business over the last four decades, but this deal now represents a new chapter for the company and will ensure its ongoing success for the next 40 years. Sykes’ values mirror our own, and its track record speaks for itself, so I know our holiday homeowners are in good hands.”
Find businesses for sale here.
If you are looking for an exit, we can help!
This highly profitable 42-bedroom hotel in South Yorkshire offers a unique investment opportunity with a consistent 90% occupancy rate and diverse revenue streams, including a thriving wedding and events trade.
FREEHOLD
An exciting opportunity to acquire a charming hotel and restaurant located just 40 minutes west of Glasgow on the picturesque A78 coastal route.
FREEHOLD
An exceptional opportunity to acquire two stunning hotels operating as a single entity, situated along the highly sought-after North Coast 500 route.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.