Holiday parks in £47M sale

Ocean Edge Holiday Park.
Ocean Edge Holiday Park.

A string of holiday parks, including four in the Morecambe area, have been acquired as part of a £47 million takeover deal.

South Lakeland Parks has been bought by Park Resorts, which will now manage nine holiday parks in Morecambe Bay and the Lake District. They include Marina Holiday Park in Glasson Dock, Hawthorn Holiday Park in Middleton Sands, Regent Leisure Park in Westgate, Morecambe, and Ocean Edge Caravan park, as well as Todber Caravan Park in Clitheroe, Gatebeck Park in Endmoor, Fall Barrow Park in Bowness, White Cross Bay near Windermere and Limefitt Park in the Troutbeck Valley.

Electra Partners, the majority shareholder of Park Resorts, bought the business from White Ocean Leisure and its lenders.

Park Resorts chief executive David Boden said: “The North West is a region of the UK synonymous with family holidays and an area, up until now, we had no stake in.

“South Lakeland’s nine parks are all high quality and will perfectly complement our existing portfolio. The parks are ideally located for owners and holidaymakers to experience some of the most spectacular scenery in the UK.”

South Lakeland Parks was founded in 1988 and was previously known as South Lakeland Caravans until June 2006.

One of its former owners is businessman John Morphet, who owns the rival Pure Leisure Group.