Insight
The sustained demand in the UK holiday park and outdoor hospitality sector is driven by domestic travel and staycation trends.
Sun Communities sells UK holiday park business Park Holidays to Aermont for £768m
Summary
Sun Communities is selling its UK holiday park business, Park Holidays, for £768 million to Aermont Capital. This move will allow Sun Communities to concentrate on its core North American manufactured housing and RV business. The transaction highlights continued investor interest in the UK holiday park sector, driven by domestic travel and staycation trends.
Key takeaway