Sykes further expands portfolio with Northumberland acquisition

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!

Share this article

Latest Businesses for Sale

---

---

---

View more businesses for sale